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$2,950,000
Est. payment /mo
4,506 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,506 sqft
Price per Sqft $654
MLS Listing ID A12104867
HOA Y/N No
Year Built 1921
Lot Size 5,022 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire prime covered land in the heart of East Edgewater, east of Biscayne Boulevard, just one block from Biscayne Bay and steps from Whole Foods and Equinox. Offered at $596/SF of land, this T6-36a-L zoned property presents a compelling opportunity to secure a strategic land position surrounded by luxury high-rises. At this land basis, buyers are essentially acquiring the land with a fully leased, ±5,000 SF, seven-unit residential building thrown in, generating $158,600 in annual gross income to help offset holding costs. The real value lies in the location, land ownership, and long-term flexibility. Investors can maintain existing income, capitalize on rental upside, explore alternative uses, or pursue future redevelopment and assemblage opportunities. Building improvements include impact windows, central A/C systems, and a silicone roof coating. Minutes from Wynwood, the Design District, Downtown Miami, and Brickell. An exceptional opportunity for 1031 exchange buyers and long-term investors looking to secure prime Miami land with income already in place. Own the land today. Collect the income. Control the upside.
Location
State FL
County Miami-dade
Area 32
Zoning 4604
Exterior
Private Pool Yes
Building
Lot Description Flood Zone
Others
Tax ID 01-32-30-021-0010
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12104867
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Listed by Compass Florida, LLC
Nearby Locations
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