Land in Brownsville, FL 33147
Frances Park, 2390 NW 62nd St

$2,000,000

$500K

Estimate Payment $10,566 Closing Costs

Beds

0.69

Acre

$2,898,551

$/Acre

LandProperty Type

0.69 AcresLot Size

$2,898,551/AcrePrice per acre

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!

Listing Courtesy Of: Coldwell Banker Realty

Local Realty Services Provided By: Best of Luxury Realty

On Site: 224 DaysUpdated: 57 Days agoPage Views: 0

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: 167
Compass Point: NW
Office Name: Coldwell Banker Realty
Area: 30209
Taxes: 5431
Tax Year: 2025
Listing Date: 2026-03-20T12:09:04.000-00:00
Lot Size Square Feet: 30209