Land in Miami, FL 33135
Fairmont Park, 424 SW 22nd Ave

Own in Fairmont Park?

Overview Features True Comps Price History Payment Location Similar Homes

Own in Fairmont Park?

OFF MARKET

$1,949,000

Estimate Payment $10,867 Closing Costs

Beds

0.18

Acre

$10,827,778

$/Acre

0.18 AcresLot Size

$10,827,778/AcrePrice per acre

Located just three blocks from 8 St in the heart of Little Havana!! Redevelopment site for 28 units by right, this T6-8O zoned property also has two buildings currently collecting $6,350.00 gross income per month. Rents are below market and can easily be increased $1800.00 - $2,000.00 extra income per month. Preliminary plans have been done to submit for site plan approval and are attached to this listing for a 6 story building (2 stories of parking, 3 stories of residential units and a sixth story with clubhouse, gym, fire pit, jacuzzi, terraces and a sun deck. The land zoning attorney can be retained by the buyer for a fee to be negotiated. Zoning allows for many uses such as residential, office, general commercial, hotel. DENSITY CAN DOUBLE TO 56 UNITS USING THE WORKFORCE BONUS PROGRAM.

Listing Courtesy Of: Global Luxury Realty LLC

Local Realty Services Provided By: Best of Luxury Realty

On Site: 1640 DaysUpdated: 1640 Days agoPage Views: 0

All features

Property SqFt: 7750
Remarks: Located just three blocks from 8 St in the heart of Little Havana!! Redevelopment site for 28 units by right, this T6-8O zoned property also has two buildings currently collecting $6, 350.00 gross income per month. Rents are below market and can easily be increased $1800.00 - $2, 000.00 extra income per month. Preliminary plans have been done to submit for site plan approval and are attached to this listing for a 6 story building (2 stories of parking, 3 stories of residential units and a sixth story with clubhouse, gym, fire pit, jacuzzi, terraces and a sun deck. The land zoning attorney can be retained by the buyer for a fee to be negotiated. Zoning allows for many uses such as residential, office, general commercial, hotel. DENSITY CAN DOUBLE TO 56 UNITS USING THE WORKFORCE BONUS PROGRAM.
Internet Remarks: Located just three blocks from 8 St in the heart of Little Havana!! Redevelopment site for 28 units by right, this T6-8O zoned property also has two buildings currently collecting $6, 350.00 gross income per month. Rents are below market and can easily be increased $1800.00 - $2, 000.00 extra income per month. Preliminary plans have been done to submit for site plan approval and are attached to this listing for a 6 story building (2 stories of parking, 3 stories of residential units and a sixth story with clubhouse, gym, fire pit, jacuzzi, terraces and a sun deck. The land zoning attorney can be retained by the buyer for a fee to be negotiated. Zoning allows for many uses such as residential, office, general commercial, hotel. DENSITY CAN DOUBLE TO 56 UNITS USING THE WORKFORCE BONUS PROGRAM.
Waterfront: No info
Directions: East
Days on Market: No info
Compass Point: SW
Office Name: Global Luxury Realty LLC
Area: 8320
Taxes: 12140
Tax Year: 2021
Listing Date: 2022-05-12T14:16:41.540-00:00
Lot Size Square Feet: 7750