Address not disclosed, Miami, FL 33142
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Address not disclosed, Miami, FL 33142
Address not disclosed, Miami, FL 33142
Address not disclosed, Miami, FL 33142
Address not disclosed, Miami, FL 33142
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Angela Ackermann

Angela Ackermann

+1(772) 418-4420
$ 3,900,000
Est. payment /mo
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Address not disclosed Miami, FL 33142

0.77 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Melrose Heights 4Th Sec

MLS Listing ID A12049108

HOA Y/N No

Annual Tax Amount $34,774

Tax Year 2025

Lot Size 0.770 Acres

Acres 0.77

Property Sub-Type Unimproved Land

Property Description

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.

Location

State FL

County Miami-dade

Area 2310

Zoning 6100

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Collection, Water Available

Water Access Desc Public

Present Use Unimproved

Building

Lot Description 1-2 Acres, 2-3 Acres, City Lot

Water Public

Schools

Elementary Schools Melrose

Middle Schools Brownsville

High Schools Miami Northwestern

Others

Restrictions City Restrictions

Tax ID 0131280133450

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12049108

BeachesMLS, Inc. (FLR) IDX
Listed by Agustin Duarte RE/MAX 360 Real Estate
Angela Ackermann

Angela Ackermann

Broker Associate | License ID: BK3019936

+1(772) 418-4420

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Address not disclosed