Commercial property in Miami, Florida № 1992125

Property description

Prime redevelopment site in Miami's Little Haiti/Innovation District. Corner T5-R parcel allows by right up to 5 stories and 8 residential units with 17,825 buildable SF. Currently improved with a four-plex ; two separate duplexes with 4 fully legal corner units , offering a cash flow of $82,800 during permitting .Only lot located directly behind a full block church fronting NE 2nd Avenue ,offering stability, privacy and unique positioning .Less than half mile from the planned Tri-Rail Station Northeast Corridor and close to Wynwood, Design District and Biscayne Blvd. Across from Laundromat Art Space gallery and 1 block away from Magic City .Flood zone X.Net return 5.5% including new buyer's property taxes.