218 SW 16th Ave
- Miami, FL 33135
- $1,980,000
- 0 Bed(s)
- 0 Baths
- 7,500 Sqft.
A very uniquely designed shovel-ready land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments 3 units 30 AMI, 2 units at 50 AMI, and 16 units at 140 AMI average median income. It has a 100 parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios easily converted to 1 bedroom, 400-460 SF, and 1 one bedroom 500 SF. An alternative strategy, by paying deferred impact fees, motellodging use operators can get licensure to operate this for short-term rental.
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
Real Estate IDX Powered by: TREMGROUP
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
Real Estate IDX Powered by: TREMGROUP
Recomend this to a friend, just enter their email below.