A rare opportunity to acquire a renovated income-producing property in the heart of Miami’s rapidly transforming Overtown neighborhood, with exceptional long-term redevelopment upside. The property is ideal for an owner-user or investor and benefits from highly desirable T6-8 O zoning, allowing 8 to 12 stories of development as of right. Even more compelling, under Florida’s Live Local Act, developers may have the ability to match the maximum height and density of nearby Miami Worldcenter properties located within a one-mile radius, creating substantial additional development potential. Directly across the street is The Walker, a $21.4 million workforce housing development being spearheaded by the City’s Southeast Overtown/Park West Community Redevelopment Agency and Krea USA, while adjacent to the property sits the historic People's BBQ, currently undergoing redevelopment and expected to reopen soon. Comparable development sites nearby with inferior zoning are listed as high as $1.5 million, highlighting the significant land value opportunity. Positioned within one of Miami’s most active urban redevelopment corridors, this property offers immediate cash flow, substantial entitlement upside, and exposure to a neighborhood benefiting from significant public and private investment.
1,065 Sq Ft
2,500 Sq Ft Dimensione del lotto
casa unifamiliare
694 USD Imposta mensile
Costruito in 1954
MLS/ID annuncio A12047283
MIAMI NORTH
Costruzione - CBS
Stile - Allegato
Heating - Wall Units
Nessuna camera aggiuntiva
Shingle
Public Sewer
Acqua
Frigorifero
Gamma elettrica
Style - One Story
Cooling - Wall/window unit(s)
Vinile
Piastrella
Ingresso al primo piano
COSTO MENSILE TOTALE
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