850 2Nd St Miami, FL 33130
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 850 2Nd St
- Property type
- Specialty properties
Description
This exceptional 7,500 square foot multi-family land parcel presents a unique investment opportunity in the vibrant East Little Havana neighborhood of Miami, Florida. Located at 850 SW 2nd Street, zip code 33130, this property offers significant development potential. The site is zoned to allow for the construction of either a market-rate project consisting of six units in any desired configuration, or a higher-density workforce housing development. The City of Miami's double density workforce program permits the construction of twelve apartments: two units at 30% AMI, one unit at 50% AMI, and nine units at 100% AMI (average median income). This prime location boasts exceptional accessibility and connectivity to key areas including Brickell, Downtown Miami, and the Health District. The 836 Highway provides easy access to Miami Beach. Residents will enjoy proximity to a variety of amenities, including fine dining, upscale shops, charming sidewalk cafes, and picturesque parks, all within walking distance or a short drive. The nearby Riverside Park and the A-rated Ada Merritt K-8 Center further enhance the desirability of this location, promising strong long-term appeal for future residents. The asking price for this exceptional property is $780,000. This is a rare chance to acquire a highly desirable development site in a rapidly growing area of Miami.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2087
- Latitude
- 25.7715
