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1941 NW Flagler Ter, Miami FL 33135 - $550,000


sell90% price cut

$550,000

For Sale

1941 NW Flagler Ter, Miami FL 33135

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storefrontCommercial Land

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.

listBasic Facts

  • Subdivision: Evanston Heights
  • Taxes: $4,094/yr
  • Lot dimensions: 50x100
  • APN: 01-41-03-013-0280

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