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Other Land - EVANSTON HEIGHTS for Sale

1941 NW FLAGLER TER, MIAMI, FL 33135

Asking Price$550,000 Change Price$4,950,000

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  • Days on market:

    352 day(s)
  • Original Price:

    $5,500,000
  • Tax Legal Description:

    EVANSTON HEIGHTS PB 1-56 S100FT LOT 6 BLK 2 LOT SIZE 5000 SQUARE FEET OR 18569-1529 04 1999 1
  • Tax Year:

    2024
  • Property Type:

    Land
  • Waterfrontage (sqft):

    50
  • Lot Features:

    City Location Less Than 1 Acre Inside Lot

Description

$550,000

5,000 sq. ft. development site in west little havana that consists of one vacant lot in a sector seeing surging development and demand. t4-r zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.

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