An opportunity to purchase a free-standing retail building on one of the most trafficked areas of W Dixie HWY, one of Miami’s busiest streets. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site. Currently grossing about $84,000 this property is best seen as a soli1d covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.
Mls | A11580564 |
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Listing Type | For Sale |
Style | Retail |
Subtype | Resale |
Status | Active |
Year | 1954 |
Days On Site | 226 |
Listing Provided By | APEX Capital Realty LLC | Adriano Salucci |
Sq Feet | 4,080 |
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Storys | 1 |
Units | 4 |
Buildings | 1 |
Zoning | C-1 |
Acreage | 13802.00 |
State | FL |
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County | Miami Dade |
City | North Miami |
Zip Code | 33161 |
Area | 22 |
Listing VS Median (in 33161) | |
Price: $1,550,000 low | high Med: $135,000 SqFt: 4,080 low | high Med: 905 $ / SqFt: $380 low | high Med: $149 On Site: 226 low | high Med: 108.000000 |