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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, offered at $976,335 per acre-delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
YES
-
View
Water
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
3.38
-
Property Type
Commercial Sale
-
Property Sub Type
Unimproved Land
Price
-
Sales Price
$3,300,000
-
Tax Amount
$10,396
-
Zoning
3050
-
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
Other
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Laura Kefalidis , Compass Florida, LLC
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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