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1941 NW Flagler Ter 0.11 Acres of Commercial Land Offered at $750,013 CAD in Miami, FL 33125
Investment Highlights
- Development site in one of the fastest growing submarkets in Miami
- Centric location with surging rents
Executive Summary
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. Site is beautifully laid out in a 50 x 100 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 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. Site is beautifully laid out in a 50 x 100 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 1
| Price | $750,013 CAD | Lot Size | 0.11 AC |
| Price Per AC | $6,534,124.86 CAD |
| Price | $750,013 CAD |
| Price Per AC | $6,534,124.86 CAD |
| Lot Size | 0.11 AC |
5,000 SF lot for development from 4-8 units, multifamily development opportunity also eligible for workforce housing programs.
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
50/100
Contacts
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Mauricio Villasuso -
Elisa Barriga -
Lourdes Ramia -
Fausto Commercial Realty Consultants
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1941 NW Flagler Ter
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