1334 1st St ,Unimproved Multi Family (5+units), Lawrence Estates Land Cos for Sale

1334 1st St for Sale

Price $5,750,000.00

• Lot size 29000
• Year Build
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.

Please review attached OM and then schedule a call w/ Broker for further questions & guidance.

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 5 LESS ST BLK 79 LOT SIZE 50.000 X 140 OR 19798-3534 0701 4

City Location, 1-2.5 Acres

Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.

City:Miami,Zoning:6101,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.7722297,List Price:5750000,Listing Id:A11678541,Longitude:-80.2170869,Mls Status:Active,Utilities:1:Electricity Connected,2:Sewer Connected,3:Water Connected,4:Sewer Available,5:Trash Removal,6:Water Available,Directions:Please review attached OM and then schedule a call w/ Broker for further questions & guidance.,Postal Code:33135,Street Name:1st St,Coordinates:1:25.7722297,Lot Features:1:1-2.5 Acres,Photos Count:7,Building Name:LAWRENCE ESTATES LAND COS,Days On Market:149,Lot Size Acres:0.665,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:2024-10-28,Parcel Number:01-41-02-006-1660,Property Type:Commercial Land,Street Number:1334,Public Remarks:Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.,County Or Parish:Miami-Dade County,Frontage Length:100,List Office Name:Douglas Elliman,Private Remarks:Please review attached OM and then schedule a call w/ Broker for further questions & guidance.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2302,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:LAWRENCE ESTATES LAND COS,Tax Annual Amount:14823,Unparsed Address:1334 SW 1st St, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:Public Road,Building Area Units:Square Feet,Lot Size Dimensions:100x290,Lot Size Square Feet:29000,M I A M I R E_ L P Amt Sq Ft:198.2759,Original List Price:6250000,Previous List Price:6250000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.,Additional Parcels Y N:1,Listing Contract Date:2024-10-28,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Other Showing Instruction,See Broker Remarks,Street Number Numeric:1334,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 5 LESS ST BLK 79 LOT SIZE 50.000 X 140 OR 19798-3534 0701 4,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Develop 109 units in Little Havana btwn Hospital District & Brickell/Downtown Miami. Covered land play w/ in-place rents of $17,000/mo. Request OM.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-10-28,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,