Frances Park, 2390 NW 62nd St

$5.6M19.6%
$4,500,000
0.43
Acre
Status
OFF MARKETExpired
Size
0.43 Acres (1,726 m2)
Price
$10,465,116/Acre ($2,607/m2)
Type
Land
MLS Number
A11433646
On Site
1128 Days
Updated
636 Days ago
Page Views
0
MixedApproved development site opportunity to acquire and build an already final site plan approved development of 105 residential 37 parking and 3 commercial/retail units. Total land is comprised of 5 folios from corner to corner, 30,209 sqft, and gross area of 50,848 sq ft. These already approved include a 70% parking reduction, having a significant impact in cost efficient construction. The approved plans consist of (12) studio units, (69) 1 bedroom units, and (24) 2 bedroom units. This growing area of Model City is just steps to Wynwood, Design district, downtown, and health district and less than one mile to Liberty Square a major redevelopment in the area. This development site's is located in an opportunity zone, buyer may seek many of the available programs for affordable housing.

Features

All features
  • Property SqFt: 18582
  • Remarks: MixedApproved development site opportunity to acquire and build an already final site plan approved development of 105 residential 37 parking and 3 commercial/retail units. Total land is comprised of 5 folios from corner to corner, 30, 209 sqft, and gross area of 50, 848 sq ft. These already approved include a 70% parking reduction, having a significant impact in cost efficient construction. The approved plans consist of (12) studio units, (69) 1 bedroom units, and (24) 2 bedroom units. This growing area of Model City is just steps to Wynwood, Design district, downtown, and health district and less than one mile to Liberty Square a major redevelopment in the area. This development site's is located in an opportunity zone, buyer may seek many of the available programs for affordable housing.
  • Internet Remarks: MixedApproved development site opportunity to acquire and build an already final site plan approved development of 105 residential 37 parking and 3 commercial/retail units. Total land is comprised of 5 folios from corner to corner, 30, 209 sqft, and gross area of 50, 848 sq ft. These already approved include a 70% parking reduction, having a significant impact in cost efficient construction. The approved plans consist of (12) studio units, (69) 1 bedroom units, and (24) 2 bedroom units. This growing area of Model City is just steps to Wynwood, Design district, downtown, and health district and less than one mile to Liberty Square a major redevelopment in the area. This development site's is located in an opportunity zone, buyer may seek many of the available programs for affordable housing.
  • Waterfront: No info
  • Directions: North
  • Days on Market: 495
  • Compass Point: NW
  • Office Name: Coldwell Banker Realty
  • Area: 30209
  • Taxes: 5431
  • Tax Year: 2022
  • Listing Date: 2023-08-14T11:51:03.000-00:00
  • Lot Size Square Feet: 18582

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Price History

Current
$4.5M
High
$5.6M
Low
$3.6M
Total Change
-19.6%
$5.8M$4.6M$3.4MAug 23Apr 24Jun 24
Date
Event
Price
Change
Price Per
06/11/2024
Price Increased
$4.5M
25%
$242 ft2
$2,607 m2
04/22/2024
Price Reduced
$3.6M
-35.71%
$194 ft2
$2,085 m2
08/09/2023
Listed
$5.6M
 
$301 ft2
$3,244 m2
06/11/2024
$4.5M
Event
Price Increased
Change
25%
Price Per
$242 ft2
$2,607 m2
04/22/2024
$3.6M
Event
Price Reduced
Change
-35.71%
Price Per
$194 ft2
$2,085 m2
08/09/2023
$5.6M
Event
Listed
Price Per
$301 ft2
$3,244 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Maria VincesColdwell Banker Realty • Buyer Agency Compensation .

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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
73

100
Bike Score®
Bikeable. Some bike infrastructure
50

100
Sound Score®
Very loud
74

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
33

100
Local Score
Limited local amenities nearby
2

100
Community Snapshot
$2M – $2M
Price Tier
936 - 2,017
SqFt Range
1952
Year Build