8270 NORTH EAST 1ST PL, Miami
$2,690,000 USD
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| Address | 8270 NORTH EAST 1ST PL, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Price | $2,690,000 |
| Previous Price | $2,795,000 (1 days ago) |
| Property Status | Active |
| MLS Number | A11917999 |
| Property Size | 12750 |
| Lot Size | 12750 |
| Year Built | 1941 |
| Folio Number | 01-31-12-008-0410 |
| Zoning Information | 6101 |
| Days on Market | 131 |
Detailed Description: Covered land opportunity in the heart of Miami’s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami’s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBn
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33138 |
| Address | 8270 NORTH EAST 1ST PL |
| Section | 12 |
| Zip Code (4 Digits) | 3764 |
Financial Information
| Price | $2,690,000 |
| Price per Foot | $0 |
| Previous Price | $2,795,000 |
| Folio Number | 01-31-12-008-0410 |
| Tax Amount | $14,371 |
Full Descriptions
| Detailed Description | Covered land opportunity in the heart of Miami’s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami’s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBn |
Property parameters
| Living Area | 12750 |
| Lot Size | 12750 |
| Total Acreage | 0.000 |
| Zoning Information | 6101 |
| Maximum Leasable Size | 12750 |
| Year Built | 1941 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Street Direction | North East |
| Listed with | The Alpha Commercial Advisors LLC |