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Commercial - for Sale

1690 NW 19TH TER, MIAMI, FL 33125

Asking Price$3,600,000

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  • Lot size 14300sqft
  • Taxes $31,401
  • Year Built 1953
  • Days on market:

    18 day(s)
  • Original Price:

    $3,600,000
  • Tax Legal Description:

    BRADDOCKS SUB NO 4 PB 3-61 LOTS 27 THRU 30 BLK 7 & N1/2 OF ALLEY LYG S & ADJ CLOSED PER ORD 13492 LOT SIZE 14300 SQ FT M/L OR 15594-1254 079
  • Property Type:

    Commercial
  • Special Listing Conditions:

    Sale

Description

$3,600,000

Civic center/allapattah corner development site in rapidly developing neighborhood. 21,450 sf lot with t-6-8-o zoning, which permits for up to 8 stories, 73 units by right & 147 w/benefits program or hotel/lodging use, retail office & hotel uses allowed, and more. income in place, current tenants pay $10,000 gross rents per month and are on a month to month basis. multiple projects in close proximity being built by well known local developers such as neology, cfh group, 1111, and more. the site is ideal for res development as it is walking distance from miami's largest employment engine, the civic center hospitals complex; and also benefits from affordability zoning benefits such as deferred impact fees, reduced parking, easy access to downtown and local highways.

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