2390 NW 62nd St new Save Request In-Person Tour Request Virtual Tour
Miami,FL 33147
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Frances Pk
MLS Listing ID A11740385
HOA Y/N No
Annual Tax Amount $5,431
Tax Year 2024
Lot Size 0.720 Acres
Acres 0.72
Property 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!
Location
State FL
County Miami-dade
Community Frances Pk
Area 31
Exterior
Street Surface Paved
Building
Lot Description <1 Acre
Faces North
Sewer Public Sewer
Water Public
Others
Tax ID 30-31-15-032-0050
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional