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850 SW 2nd St
Miami, FL 33130

$780,000 USD

Land For Sale  •  0.1 AC

Property Details

  • Property Type Land
  • Lot Size 0.1 AC
  • Zoning T4 R
76 Transit Score
90 Walk Score

Description

7,500 Sq. Ft. Multi-Family land within East Little Havana. There is immense potential, either a market rate project of 6 units at any unit configuration or City of Miami double density workforce program which allows for development of 12 apartments; 2 units at 30% AMI, 1 unit at 50% AMI, and 9 units at 100% AMI (average median income). The location offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Riverside park is nearby, and one block from the A-rated school Ada Merritt K-8 Center makes this idyllic location which will capture the interests of residents for years to come. 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. Havana has been home to tycoons,
adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.

Highlights

Eligible for City of Miami workforce program to double the density to 12 units
East Little Havana location, hot submarket with new developments and growing very quickly

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Culmer (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 3 min 19 min 1.0 mi
Government Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover), Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 3 min 20 min 1.1 mi
Transit/SubwayDriveWalkDistance
Miami Avenue (Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Miami International 21 min - 10.7 mi
Fort Lauderdale/Hollywood International 34 min - 23.7 mi
Mauricio Villasuso 305-340-8901 Fausto Commercial Realty Consultants
Mauricio Villasuso 305-340-8901 Fausto Commercial Realty Consultants