5740 NW 22nd ave
Miami, FL 33142
67 Unit Development · Land For Sale
·
0.10 AC
INVESTMENT HIGHLIGHTS
- Central Miami location offering convenient access for future tenants
- Approved parking reduction allowance
- Immediate employment corridors nearby (Health District, Wynwood, Midtown, Miami International Airport)
- Proposed 67 units (majority of 2 bedroom units)
- Site plan approval process has been commenced
- Ability to package this deal with nearby property for a total of 103 units
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.10 AC |
| Zoning | 6051 |
DESCRIPTION
The Hype Real Estate Group is proud to exclusively present the opportunity to purchase a development site for 67 multifamily units. This property is located in the urban center of Miami with proximity to employment, retail, schools, and highways. The current site plan carries a majority of 2 bedroom units with an approved reduction of parking requirements. The county has approved this higher density in exchange for 25% of the units being allocated to workforce housing (80-120% of AMI). Additionally, the Sellers have achieved site plan approval on another parcel (8 blocks away) for 36 units - which would allow an investor to purchase the bulk package and build 103 units in a high-demand corridor.
PROPERTY TAXES
| Parcel Number | 30-3115-025-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $108,416 |
