255 East Lucy Street Florida City, FL 33034

Listing office Platinum Properties International r***@gmail.com Show Phone

Listing date May 17, 2026

Source Crexi

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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.

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FAQs

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.