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Key Details
Sold Price $5,795,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,947 sqft
Price per Sqft $1,171
MLS Listing ID A11479376
Sold Date 09/20/24
Style Detached
HOA Y/N No
Year Built 1938
Annual Tax Amount $73,152
Contingent Pending Inspections
Lot Size 0.358 Acres
Lot Dimensions 239
Property Sub-Type Mixed Use
Property Description
Corner 15,600 SF with T6-8-O zoning. Development potential is up to +/-89,130 SF on 8 levels. The by-right of zoning allowance of 150 units per = 48 residential units. There is potential for substantially more increased area for Boutique Hotels or projects that take advantage of the Live Local SB102 guidelines. Property provides excellent exposure and has natural light on all 4 sides. This is a natural location for a mixed use project that combines retail, professional, and residential uses. Site dimensions are approximately 130' X 120'. There is currently a tenant in place paying $16,000 per month plus sales tax in rent. May be delivered vacant at closing, or a Buyer could retains tenant for cash flow while planning redevelopment. 2 buildings on site totaling +/- 6,000 SF.
Location
State FL
County Miami-dade
Area 31
Direction Google Maps
Exterior
Private Pool Yes
Building
Architectural Style Detached
Others
Tax ID 01-31-25-054-0430
Financing Cash
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Bought with Gridline Properties
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316