1552 Nw 15th Ave, Miami, FL 33125
- $1,790,000
- List Price
- $1,790,000
- MLS#
- A12061585
- Status
- ACTIVE
- Type
- Commercial
Property Description
Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.
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Additional Information
- Days on Market
- 0
- Tax Amount
- $10,527
- Parcel Number
- 01-31-35-010-0250
- Lot Size
- 5,400
- Directions
- Sign on property. Don't both the tenants. See attached OM. No interest in JVs
- Address
- 1552 Nw 15th Ave, Miami
- Development Name
- Grand View Park
- Development
- Grand View Park
- Section
- 35
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Listing Courtesy of Douglas Elliman, Contact: