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1817 W Flagler St - Site Plan Approved for 24 units
0.22 Acres of Residential Land Offered at $1,500,000 in Miami, FL 33135
Investment Highlights
- Little Havana Development Site - Site plan approval for 24 units & 100% parking reduction
- Miami 21 | Havana "Transit Oriented Corridor" ("TOC") designated property
- Text agent to review development potential under new SB 102 Live Local Act
- Area of surging rental rates at above $4/SF/Mo now.
- Last apartment comp sales closed at $474,000/door(unit) when built.
- Alternatively start new plans for 32 units and 12 stories but with parking.
Executive Summary
Property Facts
| Price | $1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.22 AC |
| No. Lots | 1 |
| Price | $1,500,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.22 AC |
1 Lot Available
Lot 1
| Price | $1,500,000 | Lot Size | 0.22 AC |
| Price Per AC | $6,925,208 |
| Price | $1,500,000 |
| Price Per AC | $6,925,208 |
| Lot Size | 0.22 AC |
Little Havana, Miami, FL Site plan approved for 24 units & 100% parking reduction or create new plans to build up to 12 stories & 32 units under the new SB-102 Live Local Act.
Description
Little Havana, Miami, FL site plan approved for 24 units & 100% parking reduction or submit new plans to build up to 12 stories & 32 units under the new SB-102 Live Local Act. Site benefits from back alley for car circulation in & out of a parking garage. Rents are $4.0/SF/mo & apartment sales closed at $474,000/door in the area. Little Havana “Transit Corridor”. 9,434 SF vacant lot. In path of progress btwn Brickell, Gables, & Grove & near MIA airport as well as Marlin’s Stadium & Publix Sabor. Participate in the regentrification, surge of growth, & development in the rental market where rents are strong & for multifamily around Calle Ocho & W. Flagler. Text agent to schedule a zoning call review.
PROPERTY TAXES
| Parcel Number | 01-4103-013-1180 | Improvements Assessment | $3,054 |
| Land Assessment | $943,400 | Total Assessment | $946,454 |
PROPERTY TAXES
zoning
| Zoning Code | T6-8-O (Site Plan Approved for 24 units & 100% parkin reduction or create new plans for up to 32 units & 12 stories under now SB-102 Live Local Act.) |
| T6-8-O (Site Plan Approved for 24 units & 100% parkin reduction or create new plans for up to 32 units & 12 stories under now SB-102 Live Local Act.) |
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1817 W Flagler St - Site Plan Approved for 24 units
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