1941 NW Flagler Ter, Miami, Florida, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$5,500,000

1941 NW Flagler Ter
Miami, Florida, United States

Listed By: Realtyww Info

Listed On: 09/11/2024

Listing ID: GL11241111 View More Details

Description

5, 000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.

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Listed by: Maurico Villasuso