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776 SW 5th St Miami, FL 33130
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Key Details
Sold Price $1,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision City Of Miami South
MLS Listing ID A11594347
Sold Date 06/28/24
HOA Y/N No
Annual Tax Amount $7,312
Tax Year 2023
Contingent No Contingencies
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 100x100
Property Description
10,000 Sq. Ft. assemblage in East Little Havana that consists of one vacant lot and adjacent has income producing duplex. T4-L Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 8 units by right however city programs exist with mixed-income development that allows for double the density to 16. Furthermore, the site is best served by being entitled through a Live- Local/SB102 process. Site is beautifully laid out in a 100 x 100 square which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations
Location
State FL
County Miami-dade County
Community City Of Miami South
Area 41
Exterior
Utilities Available Other
Waterfront No
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 01-02-03-030-1030
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc
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