1941 Flagler Ter Miami, FL 33135
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 1941 Flagler Ter
- Property type
- Specialty properties
Description
This exceptional 5,000 square foot development site presents a unique investment opportunity in Miami's vibrant West Little Havana neighborhood. Located at 1941 NW Flagler Ter, Miami, FL 33135, this vacant lot is situated in a rapidly developing area experiencing significant economic growth and surging demand for new construction. The property boasts T4-R zoning, allowing for the construction of four units as of right. However, the city's mixed-income development programs offer the potential to double the density, permitting up to eight units. This flexibility allows for creative development options, ranging from one-bedroom to three-bedroom units, or even innovative co-living spaces, a model that has proven highly profitable. The current market conditions are characterized by sub 2% vacancy rates and steadily increasing rental prices, making this an ideal location for mixed-use infill development. The asking price for this exceptional property is $550,000. This presents a compelling opportunity for developers seeking to capitalize on the strong market dynamics and high demand in this dynamic submarket. Don't miss this chance to acquire a prime development site in one of Miami's most promising neighborhoods.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2349
- Latitude
- 25.7687
