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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.13 acres
This 5,552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17,825 buildable square feet under Miami 21 zoning guidelines. The parcel offers corner exposure on NE 59th Street, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7,000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Rectangular Lot
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5,552
-
Property Type
Land
Price
-
Sales Price
$1,695,000
-
Tax Amount
$7,450
-
Zoning
T5-R
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Monica Sciarra, Beachfront Realty Inc
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Managing Broker & Founder
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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