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Other Land - MAGNOLIA PARK 2ND AMD PL for Sale

448 NE 39TH ST, MIAMI, FL 33137

Sold Price$2,650,000 Asking Price$2,650,000

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  • Days on market:

    126 day(s)
  • Original Price:

    $2,650,000
  • Tax Legal Description:

    MAGNOLIA PARK 2ND AMD PB 5-25 LOT 48 LOT SIZE 70.000 X 131 OR 20000-0913 10 2001 1 COC 22253-2494 04 2004 5
  • Tax Year:

    2023
  • Property Type:

    Land
  • Lot Features:

    City Location Corner LocationLess Than 1/4 Acre Lot Other Near Business Park Alley

Description

$2,650,000

Situated in miami's design district, east of us-1, this property presents a unique development opportunity with its t4r zoning, allowing for the construction of up to 9 units on the land. currently, it features a 3,143 sq ft spanish mission-style home, which could provide rental income while planning the development. the existing structure includes a 2,800 sq ft main house and a detached 400 sq ft unit, nestled within a fenced and gated corner lot. offering ample parking and access on three sides, the property is ideally located for easy access to miami midtown, wynwood arts district, and i-195, all without hoa restrictions.

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