Multifamily Development Site in Florida
For Sale
Contact for pricing
255 East Lucy Street, Florida City, FL 33034
Build-ready site with approved plans for 38 modern rental units.
Property SizeContact for details
Days on Market109
Property Features for 255 East Lucy Street
General Information
Standard status
Active
Total Parking Spaces
76
Property subtype
Retail, Multifamily
Building Details
Stories
2
Listing Agency:
DG Pinnacle Realty
Listed By:
Yanisel Limonte · License #3227866
(786) 709-6196
Source:
Crexi
Added: May 17
Changed: Aug 28
Last Checked: Aug 31 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DG Pinnacle Realty
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a build-ready multifamily development site in Florida City. Approved plans are included for 38 modern rental units. The location is near major transportation corridors, employment centers, and the Florida Keys. The property offers strong long-term growth potential. Stabilized projections estimate approximately $1.4M in annual gross rental income with projected NOI exceeding $900K annually. The development features a well-planned site layout, modern community design and ample parking. It is an ideal opportunity for developers, multifamily investors, and operators seeking stable cash flow and long-term appreciation in a rapidly expanding South Florida market.
Key Highlights
- Approved plans for a 38‑unit multifamily development, ready for immediate construction.
- Located in Florida City, a rapidly growing rental market in South Florida.
- Projected annual gross rental income of approximately $1.4M and NOI exceeding $900K.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Build-ready site with approved plans for 38 modern rental units.
Where is this commercial land located?
The property is located at 255 East Lucy Street Florida City, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approved plans for a **38‑unit multifamily development, ready for immediate construction.**; Located in Florida City, a rapidly growing rental market in South Florida.; Projected annual gross rental income of approximately $1.4M and NOI exceeding $900K.
