1873 NW Flagler Ter
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1873 NW Flagler Ter
0.1 Acres of Commercial Land Offered at £352,103 in Miami, FL 33125
Executive Summary
4,450 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this.
Density allows for 3 units by right however city programs exist with mixed-income development that allows for double the density to 7. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations. Site is beautifully laid out in a 50 x 89 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors.
Density allows for 3 units by right however city programs exist with mixed-income development that allows for double the density to 7. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations. Site is beautifully laid out in a 50 x 89 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors.
Property Facts
1 Lot Available
Lot
| Price | £352,103 | Lot Size | 0.10 AC |
| Price Per AC | £3,446,646 |
| Price | £352,103 |
| Price Per AC | £3,446,646 |
| Lot Size | 0.10 AC |
4,450 Sq. Ft. development site in West Little Havana - ripe for development for 3 to 7 units.
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 01-4103-013-0140 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £160,092 |
PROPERTY TAXES
Parcel Number
01-4103-013-0140
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£160,092
zoning
| Zoning Code | T4-R (For apartments, multifamily apartment housing, eligible for double density workforce housing programs) |
| T4-R (For apartments, multifamily apartment housing, eligible for double density workforce housing programs) |
Contacts
-
Mauricio Villasuso -
Lourdes Ramia -
Elisa Barriga -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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1873 NW Flagler Ter
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