Opportunity to purchase a prime hard corner development site in Little River, Miami’s hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation.
The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space.
The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space.
The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
Property Details
Price:
$3,500,000
MLS #:
A11524035
Status:
Active
Beds:
0
Baths:
0
Address:
7424 NE 2nd Ave
Type:
Single Family
Subdivision:
LITTLE RIVER EXTENSION
City:
Miami
Listed Date:
Jan 30, 2024
State:
FL
ZIP:
33138
Lot Size:
25,332 sqft / 0.58 acres (approx)
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.5%%
Tax Year
2023
Taxes
$14,305
Map
Community
- Address7424 NE 2nd Ave Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33138
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