1560 15Th Street Rd Miami, FL 33125

This exceptional multifamily investment property, located at 1560 NW 15th St Rd in Miami, Florida, presents a remarkable opportunity for developers. The 1972-built, 16-unit building sits on a substantial 15,526 square foot lot, zoned T6-12-O with existing parking. Its prime location in Allapattah, near the Civic Center and UHealth Station, offers significant advantages. The property benefits from high-density zoning (150 du/acre) and qualifies for Transit-Oriented Development (TOD) benefits due to its proximity to public transportation. Further enhancing its potential, the property is eligible for SB120/Live Local incentives. Height restrictions are primarily governed by FAA regulations, allowing for potentially over 300 units, with density limitations largely dependent on efficient parking solutions within the building footprint. Each of the sixteen units features a consistent and easily manageable one-bedroom, one-bathroom floor plan. The asking price for this remarkable property is $4,100,000. This presents a unique chance to capitalize on the vibrant Miami real estate market and the significant development potential of this strategically located asset. The solid 1970s CBS construction provides a strong foundation for future development or continued operation as a multifamily rental property. The property's zoning and location make it an ideal candidate for a variety of redevelopment projects.