Miami, FL 33130,776 SW 5th St
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Miami, FL 33130,776 SW 5th St
Miami, FL 33130,776 SW 5th St
Miami, FL 33130,776 SW 5th St
Miami, FL 33130,776 SW 5th St

$1,000,000

Est. payment /mo

$1,000,000

Est.Price: ?

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776 SW 5th St Miami, FL 33130

10,018 Sqft Lot

SOLD DATE : 06/28/2024

Key Details

Sold Price $1,000,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision City Of Miami South

MLS Listing ID A11594347

Sold Date 06/28/24

HOA Y/N No

Annual Tax Amount $7,312

Tax Year 2023

Contingent No Contingencies

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 100x100

Property Description

10,000 Sq. Ft. assemblage in East Little Havana that consists of one vacant lot and adjacent has income producing duplex. T4-L Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 8 units by right however city programs exist with mixed-income development that allows for double the density to 16. Furthermore, the site is best served by being entitled through a Live- Local/SB102 process. Site is beautifully laid out in a 100 x 100 square which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations

Location

State FL

County Miami-dade County

Community City Of Miami South

Area 41

Exterior

Utilities Available Other

Waterfront No

Building

Lot Description <1 Acre

Sewer Other

Water Public

Others

Tax ID 01-02-03-030-1030

Financing Cash

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Listed by Fausto Commercial Realty Consultants Inc
Bought with Fausto Commercial Realty Consultants Inc

Laurelie Lecussan

Global Real Estate Advisor, CIPS|ABR|SRS | License ID: 3265641

+1(786) 712-8081

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