Active MLS listing · MLS #A12049108

Address not displayed per seller instruction

Miami, FL

1 / 8

$3,900,000

-Beds

0Baths

-SqFt

Property type: Unimproved Land
Subdivision: MELROSE HEIGHTS 4TH SEC
Year built: -

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.

Listing Courtesy of: RE/MAX 360 Real Estate
aduarte@magiccityinvestments.com

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