1941 NW Flagler Ter | Miami, FL 33125
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1941 NW Flagler Ter
Miami, FL 33125
Land For Sale · 0.11 AC
Investment Highlights
- Development site in one of the fastest growing submarkets in Miami
- Centric location with surging rents
Executive Summary
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. Site is beautifully laid out in a 50 x 100 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors.
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. Site is beautifully laid out in a 50 x 100 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors.
PROPERTY FACTS
1 Lot Available
Lot 1
| Price | $782,925 CAD | Lot Size | 0.11 AC |
| Price Per AC | $6,820,855 CAD |
| Price | $782,925 CAD |
| Price Per AC | $6,820,855 CAD |
| Lot Size | 0.11 AC |
5,000 SF lot for development from 4-8 units, multifamily development opportunity also eligible for workforce housing programs.
PROPERTY TAXES
| Parcel Number | 01-4103-013-0280 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $178,696 CAD |
PROPERTY TAXES
Parcel Number
01-4103-013-0280
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$178,696 CAD
zoning
| Zoning Code | T4-R (Allows 4 units by right, multifamily development opportunity also eligible for workforce housing programs that double density to 8 units) |
| T4-R (Allows 4 units by right, multifamily development opportunity also eligible for workforce housing programs that double density to 8 units) |
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