5,000 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 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. 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.
2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. 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.
Property Details
Price:
$5,500,000
MLS #:
A11652701
Status:
Active
Beds:
0
Baths:
0
Address:
1941 NW Flagler Ter
Type:
Single Family
Subdivision:
EVANSTON HEIGHTS
Neighborhood:
Evanston Heights
City:
Miami
Listed Date:
Sep 1, 2024
State:
FL
ZIP:
33135
Lot Size:
5,000 sqft / 0.11 acres (approx)
See this Listing
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Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$4,094
Map
Community
- Address1941 NW Flagler Ter Miami FL
- SubdivisionEVANSTON HEIGHTS
- CityMiami
- CountyMiami-Dade County
- Zip Code33135
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Courtesy of Fausto Commercial Realty Consultants Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1941 NW Flagler Ter
Miami, FL
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