1189 NW 26 St, Miami, FL 33127
sale
$1,990,000
|
Other
Courtesy Of Douglas Elliman
Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. Develop by-right via the Live Local Act , 48 residential units plus one (1) commercial/office. As this site is in a Transit Oriented Development ( TOD ) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.
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Property Features
- Architecture Style: Other
- Legal Description: BON AIRE PB 7-12 LOT 25 BLK 4 LOT SIZE 5000 SQ FT M/L FAU 01 3126 051 0740
- MLSID: A11928327
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