Frances Park, 2390 NW 62nd St

$3.6M30.6%
$2,500,000
0.69
Acre
Status
OFF MARKETExpired
Size
0.69 Acres (2,806 m2)
Price
$3,623,188/Acre ($891/m2)
Type
Land
MLS Number
A11740385
On Site
586 Days
Updated
238 Days ago
Page Views
0
Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

Features

All features
  • Property SqFt: 30209
  • Remarks: Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30, 209 sq. ft. across 5 folios with a 50, 848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!
  • Internet Remarks: Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30, 209 sq. ft. across 5 folios with a 50, 848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!
  • Waterfront: No info
  • Directions: North
  • Days on Market: 357
  • Compass Point: NW
  • Office Name: Coldwell Banker Realty
  • Area: 30209
  • Taxes: 5431
  • Tax Year: 2024
  • Listing Date: 2025-02-06T17:04:54.000-00:00
  • Lot Size Square Feet: 30209

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Price History

Current
$2.5M
High
$3.6M
Low
$2.5M
Total Change
-30.6%
$3.7M$3.1M$2.4MFeb 25Jan 26
Date
Event
Price
Change
Price Per
01/20/2026
Price Reduced
$2.5M
-30.56%
$83 ft2
$891 m2
02/06/2025
Listed
$3.6M
 
$119 ft2
$1,283 m2
01/20/2026
$2.5M
Event
Price Reduced
Change
-30.56%
Price Per
$83 ft2
$891 m2
02/06/2025
$3.6M
Event
Listed
Price Per
$119 ft2
$1,283 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