737 30Th St Miami, FL 33127

Property Details for 737 30Th St

Property type

Commercial real estate

Description

This exceptional 8,150 square foot lot in Miami's Allapattah neighborhood presents a unique investment opportunity. Currently zoned T4, the property includes approved plans for the construction of five townhouses: two 2-bedroom, 2-bathroom units of 1,452 square feet each, and three 3-bedroom, 3-bathroom units of 1,978 square feet each. The total rentable space for the proposed townhouses is 8,312 square feet. Adding to the immediate return, an existing 3-bedroom, 2-bathroom, 964 square foot house on the property is currently rented for $1,600 per month, generating consistent income while the development process unfolds. The land is priced at $98 per square foot, totaling an asking price of $710,000. The property's location is highly desirable, situated in a rapidly developing area experiencing significant investment and revitalization. Allapattah's proximity to Wynwood and its ongoing transformation into a vibrant mixed-use community make this a compelling opportunity for investors seeking strong returns. The property's potential for Airbnb development and its location near recent high-value land acquisitions further underscore its investment potential. Detailed plans and financial analysis are available upon request. The LEAN Group holds ownership of this property.