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1568 SW 3rd St
Miami, FL 33135

Land For Sale · 0.11 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.11 AC

Description

Invest in an exceptional opportunity in the heart of Little Havana with this sprawling 5,000 Sq. Ft. Multi-Family land. Immerse yourself in a neighborhood teeming with economic growth and vitality, where the pulse of Miami's vibrant culture beats strongest. Situated mere minutes from downtown, the convenience of this location is unrivaled. With easy access to I-95, the entire city unfolds at your fingertips, beckoning you to explore its endless possibilities. Future tenants will be delighted to find a wealth of educational opportunities. The vicinity boasts multiple A-rated charter schools, including the renowned Ada Merritt, ensuring a bright future for families who choose to call this neighborhood home. Immerse yourself in the captivating arts and entertainment hub of Calle Ocho, a mere stone's throw away. Stroll through this vibrant street, where a kaleidoscope of colors, sounds, and flavors intermingle harmoniously. Experience a culinary extravaganza with a multitude of restaurants, bars, and cafes offering an array of tantalizing cuisines. Indulge in the rhythm of life as you sway to the infectious beats of live music pouring from every corner. Calle Ocho is a tapestry of cultural diversity, where the essence of Miami is distilled into its purest form. The T4-R Zoning designation perfectly complements the dynamic submarket undergoing unprecedented economic growth. The latest Live Local affordable proposals passed by the state also increase density and height options, and offer several incentives and subsidies for developers. So it is no longer hindered by caps at 4 units, and its potential is much more. With sub 2% vacancies fueling the upward trajectory of rental rates, this investment offers a resilient, inflation-proof opportunity. Demand for mixed-use infill development in this area is skyrocketing, and this land holds immense potential. With the housing demand at an all-time high, rents soar as eager tenants vie for a place to call their own. Seize the opportunity to capitalize on this flourishing market and secure an investment that promises exponential returns. Don't delay; contact us immediately to embark on this rewarding journey and unlock the boundless potential of this remarkable land.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4102-006-3220
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$391,279

zoning

Zoning Code R2 (Multifamily)
R2 (Multifamily)
  • Listing ID: 28429487

  • Date on Market: 2023-05-08

  • Last Updated:

  • Address: 1568 SW 3rd St, Miami, FL 33135

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