Description of this home

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

Property Details for this home

Pool Private

No

Building Information for this home

Building Name

MELROSE HEIGHTS 4TH SEC

Building Area Units

Square Feet

Association

No

Property Information for this home

Lot Features

City Location, 1-2.5 Acres

Lot Size Square Feet

34,000

Waterfront

No

Frontage Length

13386

View

No

Sewer

Other

Water Source

Municipal Water

New Construction

No

Public Records for this home

Parcel Number

01-31-28-013-3450

Tax Annual Amount

$34,774

Tax Year

2,025

Tax Legal Description

MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1

Zoning

6100

County Or Parish

Miami-Dade County

Location