1941 Flagler Ter ,Unimproved Multi Family (5+units), Evanston Heights for Sale

1941 Flagler Ter for Sale

Price $550,000.00

• Lot size 5000
• Year Build
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.

Site is beautifully laid out in a 50 x 100 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors. Call Co-Agent for Inquiries/Showings

EVANSTON HEIGHTS PB 1-56 S100FT LOT 6 BLK 2 LOT SIZE 5000 SQUARE FEET OR 18569-1529 04 1999 1

City Location, Inside Lot, Less Than 1 Acre

5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.

City:Miami,Sewer:1:Public Sanitation,Zoning:T4-R,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.774048,List Price:550000,Listing Id:A11652701,Longitude:-80.227835,Mls Status:Active,Utilities:1:Electricity Connected,2:Natural Gas Connected,3:Other Utilities Available,4:Cable Available,5:Electricity Available,6:Natural Gas Available,7:Other,Postal Code:33135,Street Name:Flagler Ter,Coordinates:1:25.774048,Lot Features:1:Inside Lot,2:Less Than 1 Acre,Photos Count:21,Possible Use:1:Urban Commercial,Building Name:EVANSTON HEIGHTS,Days On Market:71,Lot Size Acres:0.11,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Evanston Heights,On Market Date:2024-09-01,Parcel Number:01-41-03-013-0280,Property Type:Commercial Land,Street Number:1941,Public Remarks:5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.,County Or Parish:Miami-Dade County,Frontage Length:50,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:Site is beautifully laid out in a 50 x 100 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors. Call Co-Agent for Inquiries/Showings,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:EVANSTON HEIGHTS,Tax Annual Amount:4094,Unparsed Address:1941 NW Flagler Ter, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Sign On Property Y N:1,Building Area Units:Square Feet,Lot Size Dimensions:50x100,Lot Size Square Feet:5000,M I A M I R E_ L P Amt Sq Ft:110,Original List Price:5500000,Previous List Price:5500000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.,Listing Contract Date:2024-09-01,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,See Broker Remarks,Sign On Property,Street Number Numeric:1941,Tax Legal Description:EVANSTON HEIGHTS PB 1-56 S100FT LOT 6 BLK 2 LOT SIZE 5000 SQUARE FEET OR 18569-1529 04 1999 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 opportunities.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-09-01,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,