0 140Th Ave Naranja, FL 33032
Exceptional development opportunity in Naranja, Florida, presents a 3.38-acre parcel zoned for residential use. This ASPR-approved site is primed for the construction of 66 residential units, with building permits currently in progress (June 2023). Conveniently located at SW 140th Avenue & SW 272nd Street in Miami-Dade County, this property offers a streamlined development process with the option to include an ANF construction contract in the sale. Situated a mere 35 minutes south of Miami's vibrant downtown area, this location benefits from proximity to the city while maintaining a desirable suburban setting. The asking price for this exceptional investment opportunity is $3,000,000. Note that this property is part of a larger portfolio offering a total of 267 units across multiple sites. This presents a unique chance to capitalize on the burgeoning Naranja market and secure a significant return on investment. The property's strategic location and the potential for substantial development make this a truly compelling proposition for discerning investors. Detailed information and supporting documentation are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.