650 SW 1st St, Miami FL 33130
Basics
- Date added: Added 2 years ago
- Category: Commercial Land
- Type: Commercial
- Status: Active
- Subdivision Name: CITY OF MIAMI SOUTH
- County Or Parish: Miami-Dade County
- DOM: 161
- Lot Size Square Feet: 7500 sq ft
- Lot Size Acres: 0.172 sq ft
Description
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Description:
Permit Approved 22-unit development site in Little Havana, Miami, FL that is 100% parking approved. Amazing Rental development offering a builder a proforma IRR of over 20%, in the path of progress central to Brickell, Gables, Grove, Hospital District & Wynwood. Mixed use plans for 1 retail bay fronting the street, 20-“studios & 1 beds”, & one – 2-bed unit. LT or ST rental potential. Cost effective development plans for 9,300 SF of total rental income. Project submitted prior to May 01, 2022 for the 100% parking approval. Nearly permit approved with full plans submitted and on last round of comments. Plans transfer with the purchase. Buyer reimburses Seller’s permit & impact fees at closing in addition to purchase price. See attached proforma development model.
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Location
- Directions: Please see attached Offering Memo (OM). Go direct and drive by site.
- Street Name: 1st St
- Street Number: 650
- State: FL
- Province: FL
- Zip / Postal Code: 33130
Building Details
- Building Name: CITY OF MIAMI SOUTH
Amenities & Features
- Water Source: Municipal Water
- Road Responsibility: Public Maintained Road
- Sewer: Other, Public Sanitation
