Description
T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroads PRICED TO MOVE! 6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more. Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units. Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.
Details
| MLS # | A11991524 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 153 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Benjamin Kunzle |
Features
| Zoning | 6101 |
|---|---|
| Acreage | 0.14 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 6761 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 31 |
| Community Name | COMMERCIAL CENTER |
| Listing VS Median (in COMMERCIAL CENTER) | |
Price: $650,000 low | high Med: $2,000 On site: 153 low | high Med: 140 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 31 |
| Community Name | COMMERCIAL CENTER |
| Listing VS Median (in COMMERCIAL CENTER) | |
Price: $650,000 low | high Med: $2,000 On site: 153 low | high Med: 140 | |
