SW 272 Street, Miami, FL 33032
- $2,950,000
- List Price
- $2,950,000
- Days on Market
- 137
- MLS#
- A11988245
- Lot Size
- 147,363
- Subtype
- Unimproved Land
- County
- Miami-Dade
- Subdivision
- Hidden Grove
Property Description
This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally the site may qualify for a density increase of up to 84 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
Additional Information
- Taxes
- $10,396
- Utilities
- Electricity Available, None, Sewer Available, Water Available
- Amenities
- Near Schools
- Waterfront
- Canal Front, None
- Acres
- 3.38
- Elementary School
- Mandarin Lakes K-8 Academy
- Middle School
- Cutler Bay Middle
- High School
- Homestead
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Listing courtesy of Compass Florida, LLC. Contact:
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Agent: Laura Kefalidis | Email: laurakefalidis@aol.com