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Other Land - FRANCES PK for Sale

2390 NW 62ND ST, MIAMI, FL 33147

Asking Price$3,600,000

  • Days on market:

    33 day(s)
  • Original Price:

    $3,600,000
  • Tax Legal Description:

    FRANCES PARK PB 19-5 LOTS 6 THRU 12 LESS N20FT FOR R/W BLK 1 LOT SIZE 18582 SQ FT OR 13171-1877 0187 1 COC 24845-3916 25616-2557 0706 4
  • Tax Year:

    2024
  • Property Type:

    Land
  • Lot Features:

    City Location Corner Location3/4 To Less Than 1 Acre Lot Other Soil Type Other

Description

$3,600,000

Prime approved development opportunity – mixed-use site rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. the unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. situated in model city, just minutes from wynwood, the design district, downtown, and the health district, and under a mile from liberty square’s major redevelopment. located in an opportunity zone, offering potential access to affordable housing programs and tax incentives. an exceptional investment opportunity!

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