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OFF MARKET
$2,250,000
Beds
0.21
Acre$10,714,286
$/AcreEntry-Level Land
Prime development opportunity in Miami's urban core. This 9,000 sq ft lot features a two-structure 1920s triplex, currently generating $40k annually. The lot is Zoned T6-8-L, permits up to 33 residential units by right. Located within a Transit-Oriented Development (TOD) zone, this property benefits from reduced or eliminated parking requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
MLS Number: A11800814
On Site: 495 Days
Updated: 495 Days ago
Page Views: 0
Features
All features
- Property SqFt: 9000
- Remarks: Prime development opportunity in Miami's urban core. This 9, 000 sq ft lot features a two-structure 1920s triplex, currently generating $40k annually. The lot is Zoned T6-8-L, permits up to 33 residential units by right. Located within a Transit-Oriented Development (TOD) zone, this property benefits from reduced or eliminated parking requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
- Internet Remarks: Prime development opportunity in Miami's urban core. This 9, 000 sq ft lot features a two-structure 1920s triplex, currently generating $40k annually. The lot is Zoned T6-8-L, permits up to 33 residential units by right. Located within a Transit-Oriented Development (TOD) zone, this property benefits from reduced or eliminated parking requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
- Waterfront: No info
- Days on Market: 9
- Office Name: Fausto Commercial Realty Consultants Inc
- Area: 9000
- Taxes: 13453
- Tax Year: 2025
- Listing Date: 2025-05-10T20:15:24.000-00:00
- Lot Size Square Feet: 9000
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
05/10/2025
Listed
$2.3M
$250 ft2
$2,691 m2
05/10/2025
$2.3M
Event
Listed
Price Per
$250 ft2
$2,691 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Miguel Fuentes • Fausto Commercial Realty Consultants Inc • Buyer Agency Compensation .
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Scores
73
100
73
100
69
100
68
100
0
100
41
100
2
100
Community Snapshot
$4.5M – $4.5M
Price Tier
557 - 2,856
SqFt Range
2007
Year Build
7
Total Floors
Subdivision Amenities
Controlled Access
Elevators
Maintenance
Pool
Trash
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