$ 3,500,000
7424 NE 2nd Ave Miami, FL 33138
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$ 3,500,000
Est. payment /mo
Active
7424 NE 2nd Ave Miami, FL 33138
0.58 Acres Lot
UPDATED:
10/22/2024 05:44 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Little River Extension
MLS Listing ID A11524035
HOA Y/N No
Annual Tax Amount $14,305
Tax Year 2023
Lot Size 0.580 Acres
Acres 0.58
Lot Dimensions 210x135
Property Description
Opportunity to purchase a prime hard corner development site in Little River, Miami’s hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation.
The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space.
The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space.
The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
Location
State FL
County Miami-dade
Community Little River Extension
Area 31
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Trash Collection, Water Available
Waterfront No
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-12-030-0350
Listed by STL Advisors, LLC