Description
This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally the site may qualify for a density increase of up to 84 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
Details
| MLS # | A11988245 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 197 |
| Listing Provided By | Compass Florida, LLC | Laura Kefalidis |
Features
| Zoning | 3050 |
|---|---|
| Acreage | 3.38 |
| Water Front | Yes |
| Property View | Water |
Taxes
| Tax Annual Amount | 10396 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33032 |
| Area | 69 |
| Community Name | HIDDEN GROVE |
| Listing VS Median (in HIDDEN GROVE) | |
Price: $2,950,000 low | high Med: $0 On site: 197 low | high Med: | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33032 |
| Area | 69 |
| Community Name | HIDDEN GROVE |
| Listing VS Median (in HIDDEN GROVE) | |
Price: $2,950,000 low | high Med: $0 On site: 197 low | high Med: | |