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521 NW 12th Ave 0.52 Acres of Commercial Land Offered at $6,281,640 CAD in Miami, FL 33136
INVESTMENT HIGHLIGHTS
- Under Live Local Act 201 Units can be developed
- FLR by Right: 112,500 SF (5)
- Under new code development potential: 154 Affordable Housing Units
- Zoned as of right for: 77 Units
- Height by right: 8 stories + mezzanine
- FLR by 3.14+ Public Benefit: (7.5): 168,750 SF
EXECUTIVE SUMMARY
Under Live Local Act 201 Units can be developed
Zoned as of right for: 77 Units
FLR by Right: 112,500 SF (5)
Height by right: 8 stories + mezzanine
Under new code development potential: 154 Affordable Housing Units (Plans presented and advanced with city for 148 Affordable housing previously)
FLR by 3.14+ Public Benefit: (7.5): 168,750 SF
Height: 12 stories
Income in place: $84,036 annually
All NNN leases in place, on a month-to-month basis.
PROPERTY FACTS
| Price | $6,281,640 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.52 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | T6-8-O - Mixed Use | ||
| Price | $6,281,640 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.52 AC |
| No. Stories | 1 |
| Zoning | T6-8-O - Mixed Use |
1 LOT AVAILABLE
Lot
| Price | $6,281,640 CAD | Lot Size | 0.52 AC |
| Price Per AC | $12,161,253.62 CAD |
| Price | $6,281,640 CAD |
| Price Per AC | $12,161,253.62 CAD |
| Lot Size | 0.52 AC |
A development site that can accommodate 77 units, situated in a prominent connection hub with established retail. In today's world, where people are increasingly seeking urban areas that offer convenient access to employment and entertainment.
DESCRIPTION
FA Commercial is pleased to exclusively present this opportunity, a development site that can accommodate 77 units, situated in a prominent connection hub with established retail. In today's world, where people are increasingly seeking urban areas that offer convenient access to employment and entertainment, this well-connected location holds great significance. Moreover, this site is prominently located near renowned magnet schools, further enhancing its appeal. With Miami's growing population and rising rents, investing in this property offers a secure and lucrative opportunity that is resistant to inflation.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $421,002 CAD | |
| Land Assessment | $2,300,039 CAD | Total Assessment | $2,721,041 CAD |
PROPERTY TAXES
CONTACTS
-
Fabio F. Faerman -
Sebastian Faerman -
Fortune Christie's International Real Estate
Presented by
521 NW 12th Ave
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