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.
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
Closed
Active
$100/ft²
$300/ft²
$600/ft²
$900/ft²
Unit 1159 NW 4th St – Asking
$737/ft²
(+99%) from Closed Medium $/ft²
Closed Medium $/ft²
$370/ft²
Community $/Price Range (Closed) $100/ft² – $554/ft²
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