FL > Miami > Melrose Heights 4Th Sec
Miami, FL 33142,Address not disclosed
Miami, FL 33142,Address not disclosed
Miami, FL 33142,Address not disclosed
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$3,900,000
Est. payment /mo
0.77 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Melrose Heights 4Th Sec

MLS Listing ID A11833062

HOA Y/N No

Annual Tax Amount $34,774

Tax Year 2024

Lot Size 0.770 Acres

Acres 0.77

Lot Dimensions 13386x25267

Property Description

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you're looking at a by-right development potential for up to 116 multifamily units. Here's the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

Location

State FL

County Miami-dade

Community Melrose Heights 4Th Sec

Area 31

Direction The submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34,000 square feet.

Exterior

Utilities Available Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Collection, Water Available

Private Pool Yes

Building

Sewer Other

Water Public

Others

Tax ID 01-31-28-013-3450

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11833062

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by RE/MAX 360 Real Estate
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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