,Melrose Heights 4th Sec for Sale & Rent

for Sale & Rent

Price $3,900,000.00

• Lot size 34000
• Year Build
• Waterfront
• Zip 33142
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you?re looking at a by-right development potential for up to 116 multifamily units. Here?s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives ? no parking required in TOD zones, increased FAR, density, and height ? and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1

City Location, 1-2.5 Acres

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you?re looking at a by-right development potential for up to 116 multifamily units. Here?s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives ? no parking required in TOD zones, increased FAR, density, and height ? and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.8085238,List Price:3900000,Listing Id:A11833062,Longitude:-80.2509726,Mls Status:Active,Utilities:1:Electricity Connected,2:Phone Connected,3:Sewer Connected,4:Water Connected,5:Cable Available,6:Electricity Available,7:Other,8:Phone Available,9:Sewer Available,10:Trash Removal,11:Water Available,Directions:The submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34,000 square feet.,Postal Code:33142,Coordinates:1:25.8085238,Lot Features:1:1-2.5 Acres,Photos Count:6,Building Name:MELROSE HEIGHTS 4TH SEC,Days On Market:22,Lot Size Acres:0.77,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Melrose Heights 4th Sec,On Market Date:2025-07-02,Parcel Number:01-31-28-013-3450,Property Type:Commercial Land,Public Remarks:The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you?re looking at a by-right development potential for up to 116 multifamily units. Here?s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives ? no parking required in TOD zones, increased FAR, density, and height ? and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.,County Or Parish:Miami-Dade County,Expiration Date:2026-07-02,Frontage Length:13386,List Office Name:RE/MAX 360 Real Estate,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5050,State Or Province:FL,Subdivision Name:MELROSE HEIGHTS 4TH SEC,Tax Annual Amount:34774,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:13386x25267,Lot Size Square Feet:34000,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:114.7059,Original List Price:3900000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you?re looking at a by-right development potential for up to 116 multifamily units. Here?s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives ? no parking required in TOD zones, increased FAR, density, and height ? and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.,Additional Parcels Y N:1,Listing Contract Date:2025-07-02,Originating System I D:miamire,Public Survey Section:28,Showing Instructions:Call Listing Office,Tax Legal Description:MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1,Gross Scheduled Income:250000,M I A M I R E_ Current Price:3900000,M I A M I R E_ Jurisdiction:City,Public Survey Township:31,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O.,M I A M I R E_ Parcel Number M L X:3450,M I A M I R E_ Street View Param:1$25.808486$-80.251021$276.01$13.33$1.00$mK7F_yVYPAOKAuDTfp5sYQ,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2025-07-02,M I A M I R E_ Folio Num2nd Parcel:01-31-28-013-3440,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:13,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:305-450-5992,M I A M I R E_ Inc Exp Statement Period:12months,Internet Entire Listing Display Y N:1,