1254 2nd St ,Lawrence Estates Land Cos for Sale

1254 2nd St for Sale

Price $1,650,000.00

• Lot size 7125
• Year Build
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

A very uniquely designed ?shovel-ready? land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

See attachments for additional information

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 LESS N7 1/2FT BLK 81 LOT SIZE 7125 SQUARE FEET OR 19321-1481 0900 1

City Location, Inside Lot, Irregular Lot, Less Than 1 Acre

A very uniquely designed ?shovel-ready? land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

City:Miami,Zoning:T5-L,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:25.7713314,List Price:1650000,Listing Id:A11527894,Longitude:-80.215683,Mls Status:Active,Utilities:1:Electricity Connected,2:Natural Gas Connected,3:Irrigation Water,4:Cable Available,5:Electricity Available,6:Natural Gas Available,Current Use:1:Unimproved Multi Family (5+Units),Postal Code:33135,Street Name:2nd St,Coordinates:1:25.7713314,Lot Features:1:Inside Lot,2:Irregular Lot,3:Less Than 1 Acre,Photos Count:33,Possible Use:1:Urban Commercial,Building Name:LAWRENCE ESTATES LAND COS,Days On Market:248,Lot Size Acres:0.16,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Lawrence Estates Land Cos,On Market Date:2024-01-26,Parcel Number:01-41-02-006-1990,Property Type:Commercial Land,Street Number:1254,Public Remarks:A very uniquely designed ?shovel-ready? land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.,County Or Parish:Miami-Dade County,Frontage Length:50,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:See attachments for additional information,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2404,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:LAWRENCE ESTATES LAND COS,Tax Annual Amount:10468,Unparsed Address:1254 SW 2nd St, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Sign On Property Y N:1,Building Area Units:Square Feet,Lot Size Dimensions:50x142,Lot Size Square Feet:7125,M I A M I R E_ L P Amt Sq Ft:231.5789,Original List Price:1850000,Previous List Price:1850000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:A very uniquely designed ?shovel-ready? land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.,Listing Contract Date:2024-01-26,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Call Listing Agent,Sign On Property,Street Number Numeric:1254,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 LESS N7 1/2FT BLK 81 LOT SIZE 7125 SQUARE FEET OR 19321-1481 0900 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Visit Fausto Commercial for more investment opportunities.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-01-26,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,