Description
Corner lot currently improved with two duplex buildings totaling 1,909 adjusted sf of construction - 4 units total , each 1BR +1BA, with long-term tenants in place generating steady income until development begins. Each unit has a private backyard, separate address and tenants pay their own utilities . Impact windows throughout - 4 water meters and 4 FPL meters . Zoned T5-R allowing by right development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Open corner exposure directly across from a school maximizes light and sight lines for future development. The lot backs up to a church that occupies the entire block fronting NE 2nd Avenue- this is the only property sharing that block with a church- offering added privacy, exceptional four-sided exposure and abundant natural light. Located in a federally designed Opportunity Zone, one block from Magic City Innovation District -the recently revived $3B AI-focused development anchored by Dragon Global ,strategically located near the planned Innovation District Tri-Rail Station( Northeast Corridor) positioning the property to potentially benefit from future transit-oriented development (TOD-TSND) opportunities. Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery. Flood zone X. Buyer to verify all zoning, transit distance and eligibility independently.
Details
| MLS # | A12063358 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 31 |
| Listing Provided By | Beachfront Realty Inc | Monica Sciarra |
Features
| Zoning | T5-R |
|---|---|
| Acreage | 0.13 |
Exterior
| Lot Features | Rectangular Lot |
|---|
Taxes
| Tax Annual Amount | 7450 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 31 |
| Community Name | DIXIE HIGHWAY TRACK |
| Listing VS Median (in DIXIE HIGHWAY TRACK) | |
Price: $1,750,000 low | high Med: $251,625 On site: 31 low | high Med: 84.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 31 |
| Community Name | DIXIE HIGHWAY TRACK |
| Listing VS Median (in DIXIE HIGHWAY TRACK) | |
Price: $1,750,000 low | high Med: $251,625 On site: 31 low | high Med: 84.5 | |
 | $1,750,000150 Ne 59th StMiami, FL 33137 |
 | $1,750,000150 Ne 59th StreetMiami, FL 33137 |
 | $2,650,0005830 Ne 2nd AveMiami, FL 33137 |
 | $2,650,0005830 Ne 2nd AvenueMiami, FL 33137 |