2390 62nd St ,Residential, Frances Pk for Sale & Rent

2390 62nd St for Sale & Rent

Price $3,600,000.00

• Lot size 30209
• Year Build
• Waterfront
• Zip 33147
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Prime Approved Development Opportunity ? Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square?s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

FRANCES PARK PB 19-5 LOTS 6 THRU 12 LESS N20FT FOR R/W BLK 1 LOT SIZE 18582 SQ FT OR 13171-1877 0187 1 COC 24845-3916 25616-2557 0706 4

City Location, Corner Location, Other Soil Type, 3/4 To Less Than 1 Acre Lot, Other

Prime Approved Development Opportunity ? Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square?s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

City:Miami,Zoning:6062,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.8310114,List Price:3600000,Listing Id:A11740385,Longitude:-80.236647,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,Current Use:1:Check Land Use Plan,2:Other Usage,Postal Code:33147,Street Name:62nd St,Coordinates:1:25.8310114,Lot Features:1:Corner Location,2:Other Soil Type,3:3/4 To Less Than 1 Acre Lot,4:Other,Photos Count:3,Building Name:FRANCES PK,Days On Market:33,Listing Terms:1:Conventional,Lot Size Acres:0.72,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Frances Pk,On Market Date:2025-01-28,Parcel Number:30-31-15-032-0050,Property Type:Land/Boat Docks,Street Number:2390,Public Remarks:Prime Approved Development Opportunity ? Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square?s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!,County Or Parish:Miami-Dade County,Direction Faces:North,Documents Count:3,Expiration Date:2026-01-31,List Office Name:Coldwell Banker Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7739,Property Sub Type:Residential,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:FRANCES PK,Tax Annual Amount:5431,Unparsed Address:2390 NW 62nd St, Miami FL 33147,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:City/County Maintained,2:Public Road,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:30209,M I A M I R E_ Flood Zone:X,Original List Price:3600000,Public Survey Range:31,Documents Available:1:Aerial Photo,2:Plans Available,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Prime Approved Development Opportunity ? Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square?s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!,Additional Parcels Y N:1,Listing Contract Date:2025-01-28,Originating System I D:miamire,Public Survey Section:15,Showing Instructions:Call Listing Agent,Street Number Numeric:2390,Tax Legal Description:FRANCES PARK PB 19-5 LOTS 6 THRU 12 LESS N20FT FOR R/W BLK 1 LOT SIZE 18582 SQ FT OR 13171-1877 0187 1 COC 24845-3916 25616-2557 0706 4,M I A M I R E_ Current Price:3600000,Public Survey Township:31,M I A M I R E_ Municipal Code:30,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Prime Mixed-Use Development! Approved for 105 residential units, 3 retail spaces,& 37 parking spots with a 70% reduction Great investment opportunity!,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Street View Param:1$25.831058$-80.236676$116.28$13.33$1.00$M1HogMlNtWTvaJHWMQ7f4Q,Contract Status Change Date:2025-01-28,Internet Address Display Y N:1,M I A M I R E_ Folio Num2nd Parcel:30-31-15-032-0040,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:32,M I A M I R E_ Fill From Record_ M U I:385022180,M I A M I R E_ Agent Alternate Phone:786-316-5859,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:2390 NW 62nd St,