2629 17Th Ave Miami, FL 33142

This exceptional multifamily investment opportunity is located at 2629 NW 17th Ave, Miami, FL 33142, in the heart of Allapattah's vibrant 17th Avenue retail corridor. The property, built in 1970, consists of a 34-unit apartment building situated on a substantial 34,318 square foot lot. The building boasts hurricane-proof construction, a significant advantage in this location. Currently configured as 34 one-bedroom, one-bathroom units, the consistent floor plans offer ease of management. However, the property's true potential lies in its zoning and location. Zoned T6-8-O, this high-density site allows for a development density of 150 dwelling units per acre. With fantastic frontage on three streets, providing excellent ingress and egress, and further enhanced by the SB120/Live Local program, the development possibilities are significant. Height restrictions are limited only by FAA regulations, potentially allowing for over 300 units. The only limitation on density or height will be determined by parking efficiency within the building envelope. This presents a rare opportunity for developers to capitalize on the high demand for housing in this rapidly growing area. The asking price for this prime Miami property is $10,000,000.