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For Sale273 Days
$1,850,000

1254 SW 2nd St
Miami, FL 33135

Land For Sale
0.16 Acre Lot
Fausto Commercial Realty Consultants Inc

Description for 1254 SW 2nd St, Miami, FL 33135

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

Property Details

Listing Details
For Sale
Land
For Sale
A11527894
$1,850,000
02/05/2024
$1,850,000
$1,850,000
10
3254982
Location Information
US
FL
Miami-Dade County
Miami
33135
1084282
2nd St
1254
2404
W81° 47' 3.6''
N25° 46' 16.8''
1254 SW 2nd St
41
SW
Land Info
0.16 Acre
<1 Acre,Irregular Lot
01-41-02-006-1990
50x142
Utilities
Other
Tax Info
LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 LESS N7 1/2FT BLK 81 LOT SIZE 7125 SQUARE FEET OR 19321-1481 0900 1
$10,468
2023
Listing Information
Fausto Commercial Realty Consultants Inc
Mauricio Villasuso
FAUS01
Sefmiami
$1,850,000
No
LAWRENCE ESTATES LAND COS
Cable Available,Natural Gas Available,Electricity Available,Water Available
Public

Price History

Source: MLS
DateEventPriceSource
2024-02-05For Sale$1,850,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Fausto Commercial Realty Consultants Inc
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© 2024 Miami Association of REALTORS®. All rights reserved. The information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.