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5434 NE Miami Ct, Miami FL 33137

Commercial Land

5434 Miami Ct

Miami, FL 33137

ML#:A11991524
List Price:$650,000
Status:Active
Days on Market:91
Listing Brkr:Fausto Commercial Realty Consultants Inc
Subdivision:COMMERCIAL CENTER
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:0.14 acres
Year Built:
Stories:

General Information

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

Location Information

County:Miami-Dade County
Zip:33137
Subdivision:COMMERCIAL CENTER
Latitude:25.826043
Longitude:-80.195756

Financial Information

Annual Taxes (2024):$6,761
Original Price:$880,000
Days on Market:91

Remarks

T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroads PRICED TO MOVE! 6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more. Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units. Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.

Listing Agent

Benjamin Kunzle

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) 604-3276

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