Lawrence Estates Land, 1159 NW 4th St Miami, FL, 33128

$1,095,000Price
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Size: 5,000 ft2 / 465 m2
Price: $219 ft2 / $2,357 m2
MLS Number: A11706061
On Site: 13 Days
Updated: 11 Days ago
Page Views: 0
Offering a prime t-6-8-o zoned 5,000 sqft development site in riverside/east little havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected city approval by q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of downtown, brickell, and the health district, and walking distance to marlins stadium & miami river. An existing 4-unit property on site generates $4,540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in miami's vibrant market. Do not disturb tenants.
Features
All features
Property SqFt: 5000
Remarks: Offering a prime T-6-8-O zoned 5, 000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10, 000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by Q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4, 540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
REO: CorporateListing
Internet Remarks: Offering a prime T-6-8-O zoned 5, 000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10, 000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by Q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4, 540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
Waterfront: No info
Days on Market: 2
Compass Point: NW
Office Name: LoKation
Area: 5000
Taxes: 10017
Tax Year: 2023
Listing Date: 2024-12-08T11:16:04.000-00:00
Lot Size Square Feet: 5000
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Price History
12/08/2024

Date

Listed

Event

$1.1M

Price

$219 ft2 / $2,357 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Alexandru Celea • LoKation • Buyer Agency Compensation .

Instant Comparative Market Analysis
$NaN/ft²

Unit 1159 NW 4th St – Asking

$NaN/ft²

(0%) from Closed Medium $/ft²

Closed Medium $/ft²

$370/ft²
Community $/Price Range (Closed) $100/ft² – $554/ft²
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