1873 Flagler Ter Miami, FL 33125

This exceptional 4,450 square foot development site presents a unique investment opportunity in Miami's vibrant West Little Havana neighborhood. Located at 1873 NW Flagler Ter, Miami, FL 33125, this vacant lot is situated in a rapidly developing area experiencing significant economic growth and high demand. The property's T4-R zoning allows for the construction of three residential units as of right. However, the city offers programs for mixed-income developments, potentially doubling the density to seven units. This flexibility allows developers to create a variety of unit mixes, ranging from one-bedroom to three-bedroom models. Innovative developers might even consider a co-living approach, a proven profitable model in today's market. The current market conditions are characterized by sub 2% vacancy rates, driving rental rates upward and fueling the strong demand for mixed-use infill developments. This site offers a compelling opportunity to capitalize on this dynamic submarket and create a highly profitable project. The asking price for this exceptional property is $450,000. The property's coordinates are 25.7740576 latitude and -80.2263355 longitude.