Multifamily – 15,526 SF in Miami, FL – High Density Zoning with TOD Benefits
Commercial Sale
Category: Multifamily
Price:$4,100,000
Location: Miami, FL
Year Built: 1972
Days on Market: 7
Description:
Extraordinary investment opportunity in the heart of Allapattah by the Civic center, boasting an exceptional 1970s CBS construction covered-land play. This sixteen (16)-unit building, situated on a 15,526 SF lot zoned T6-12-O w/parking is prime for developers. High density zoning of 150 du/acre also qualifies by right for TOD benefits given proximity to UHealth Station, it is further enhanced w/SB120/Live Local, height is limited only by FAA, density could be potentially over 300 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each apartment features a well- designed floor plan w/1 bed & 1 bath, providing consistency and ease of management.
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Listing Code: 1089892449