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$6,000,000
Est. payment /mo
11,461 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,461 sqft
Price per Sqft $523
MLS Listing ID A12043109
HOA Y/N No
Year Built 2011
Lot Size 0.840 Acres
Acres 0.84
Property Sub-Type Multi Family
Property Description
Prime Sweetwater area land Assemblage and covered land play. Income-Producing with Redevelopment Upside, Rare opportunity to acquire a ±36,400 SF assemblage of 5 duplex units in the highly sought-after Sweetwater submarket of Miami, adjacent to Florida International University (FIU). The property is currently fully leased, providing immediate and stable in-place income, while offering significant long-term upside through redevelopment. This unique offering allows a new owner to generate cash flow from day one while advancing plans for a higher and better use. The units are located in an RD Zoning presently but directly next to University District Zoning (UD) which if expanded as per expansion language in City Codes would allow for it to be well-suited for a variety of redevelopment options, including multifamily, student housing, or mixed-use, subject to zoning and approvals by City of Swettwater. Positioned in a rapidly evolving corridor, the property benefits from strong rental demand driven by proximity to FIU, major employment centers, and ongoing residential and commercial development throughout Sweetwater and West Miami-Dade. The section in which it is referred to is “City's University District overlay expansion provisions pursuant to Section 2.05.25 of the Sweetwater Land Development Code"
Location
State FL
County Miami-dade
Area 2400
Zoning 5700
Interior
Interior Features InteriorFeatures
Fireplace No
Building
Story 1
Others
Tax ID 2540060011187
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12043109
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Listed by Floriberto Antonio Puente Fairchild Partners, Inc.
Nearby School & Business
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