12850 Southwest 248th Street, Princeton, FL 33032

This is a fully entitled, permit-ready 25-unit multifamily development site located at SW 127th Ave & SW 248th Street in Princeton (South Dade), FL 33032. The 68,825 square foot (1.58 AC) site is approved for 25 units across an efficient 2-story/mezzanine breezeway walk-up design totaling 22,578 square feet (~910 square feet average), with 35 surface parking spaces. Architecture, MEP, civil, and structural permits are in hand, allowing a buyer to potentially obtain permits within 1–2 months of closing upon payment of estimated impact and permit fees. The site carries PCUC (Princeton Community Urban Center) zoning with R-Edge classification and 18 du/ac density. Demand risk is reduced by the phased development already underway at this address. Phase I is 95% leased, and Phase II is actively absorbing at 14-16 units per month. The surrounding one-mile demographic profile supports long-term rental stability, with population growth of +16% since 2020, a median household income of $74,500, and a 74.7% Hispanic origin base. Ownership estimates a buyer captures approximately $10,000/unit in embedded savings relative to acquiring raw land and absorbing design, carry, legal, and market timing costs independently. Princeton Reserve is suited for private capital and mid-market developers seeking a low-friction, high-certainty path to a stabilized South Dade asset.