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1941 NW Flagler Ter Miami, FL 33135

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For Sale
$550,000

5,000 Sq. Ft. development site in surging West Little Havana.

Lot size:
0.11 Acres

Property Features for 1941 NW Flagler Ter

General Information

Lot size
0.11 Acres

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Listing Contact
Mauricio Villasuso
Mauricio Villasuso
Source: Elliman

Listing Agent: Mauricio Villasuso

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

West Little Havana Development Site

This 5,000 sq. ft. development site is located in West Little Havana, an area experiencing increased development and demand. The property consists of one vacant lot. The T4-R Zoning is suitable for this submarket, which is experiencing economic growth, vacancy rates below 2%, and increasing rental rates. There is strong demand for mixed-use infill development. The density allows for 4 units by right. City programs exist with mixed-income development that allows for double the density to 8 units. Unit mixes are open, allowing developers to build from 1-bedroom to 3-bedroom models. A co-living approach may be profitable for those willing to take on the unique operations.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.22784
Latitude
25.774048

FAQs

What type of property is this?
Commercial land - 5,000 Sq. Ft. development site in surging West Little Havana.
Where is this commercial land located?
The property is located at 1941 NW Flagler Ter Miami, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - 5,000 Sq. Ft. development site in West Little Havana.; - T4-R Zoning allows for mixed-use infill development.; - Potential for increased density to 8 units through city programs.
More about this property
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