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1037 NW 2nd St, Miami FL 33128

Commercial Land

1037 2nd St

Miami, FL 33128

ML#:A11342887
List Price:$600,000
Status:Closed
Days on Market:234
Listing Brkr:Fausto Commercial Realty Consultants Inc
Subdivision:LAWRENCE ESTATE LAND CO
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:0.16 acres
Year Built:
Stories:

General Information

Type Property:Commercial Land
Style:
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33128
Subdivision:LAWRENCE ESTATE LAND CO
Latitude:25.775846
Longitude:-80.212328

Financial Information

Annual Taxes (2022):$7,228
Days on Market:234

Remarks

7,000 Sq. Ft. site w/plans for 10 units in East Little Havana. 8 units are designated workforce housing, 1 for affordable housing & 1 for low income. The unit mix consists of six 2 bedroom 1 bath units, & four studios. WASD & Miami Dade County are good with using existing water & sewer in the street which is another reduced expense for potential developers. The plans were qualified under prior parking exemption rules giving any developers flexibility to build at a significantly reduced cost 2 stories, providing higher returns, with a high design, new construction product in the neighborhood. The surrounding area has seen a huge revitalization with several construction projects to the East completed. This is a COVID-19/inflation proof investment in Miami’s most iconic neighborhood.

Listing Agent

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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