7900 NW 21st Ave - Fraca Residences
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7900 NW 21st Ave - Fraca Residences
0.21 Acres of Residential Land Offered at $990,000 in Miami, FL 33155
Investment Highlights
- Access to major roadways
- NCUAD Zoning
- 100% parking reduction
- Easy access to Metrorail and Metrobus
- Approved for 26 units
Executive Summary
As the exclusive listing broker, Colliers is pleased to offer the chance to acquire Fraca Residences, a 9,450 SF (0.21 acres) fully approved boutique development site located at 7900 NW 21st Avenue, Miami, FL. Ideally situated on the 79th Street corridor near the Northside Metrorail Station and Northside Center Mall, this location offers easy access to public transportation and a variety of shopping options. The site is also conveniently close to three grocery centers and major highways.
The seller has secured final site plan approval for a five-story, 26-unit apartment project, which includes two retail spaces. This project is advantaged by a 25 percent workforce housing density bonus and a 100 percent parking reduction. Additionally, four of the units are designated as Workforce Housing Units (WHUs). The new owner will be able to finalize construction drawings and start building in an expedited manner.
The seller has secured final site plan approval for a five-story, 26-unit apartment project, which includes two retail spaces. This project is advantaged by a 25 percent workforce housing density bonus and a 100 percent parking reduction. Additionally, four of the units are designated as Workforce Housing Units (WHUs). The new owner will be able to finalize construction drawings and start building in an expedited manner.
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Property Facts
| Price | $990,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Price | $990,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.21 AC |
1 Lot Available
Lot
| Price | $990,000 | Lot Size | 0.21 AC |
| Price Per AC | $4,714,286 |
| Price | $990,000 |
| Price Per AC | $4,714,286 |
| Lot Size | 0.21 AC |
zoning
| Zoning Code | NCUAD (Residential) |
| NCUAD (Residential) |
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7900 NW 21st Ave - Fraca Residences
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