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Miami,FL 33142
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Melrose Heights 4Th Sec
MLS Listing ID A11833062
Annual Tax Amount $34,774
Tax Year 2024
Lot Size 0.770 Acres
Property Description
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you're looking at a by-right development potential for up to 116 multifamily units. Here's the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Location
State FL
County Miami-dade
Community Melrose Heights 4Th Sec
Area 31
Exterior
Utilities Available Cable Available,Electricity Available,Other,Phone Available,Sewer Available,Trash Collection,Water Available
Building
Sewer Other
Water Public
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11833062