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$2,250,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Highland Park
MLS Listing ID A11800814
HOA Y/N No
Annual Tax Amount $13,453
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 45x200
Property Sub-Type Multi Family
Property Description
Prime development opportunity in Miami's urban core. This 9,000 sq ft lot features a two-structure 1920s triplex, currently generating $40k annually. The lot is Zoned T6-8-L, permits up to 33 residential units by right. Located within a Transit-Oriented Development (TOD) zone, this property benefits from reduced or eliminated parking requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
Location
State FL
County Miami-dade
Community Highland Park
Area 31
Exterior
Utilities Available Electricity Available
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Septic Tank
Water Public
Others
Tax ID 01-31-35-019-2230
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11800814
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Listed by Fausto Commercial Realty Consultants Inc