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Key Details
Sold Price $2,142,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Pomelo Park
MLS Listing ID A11509378
Sold Date 08/22/24
HOA Y/N No
Annual Tax Amount $21,430
Tax Year 2023
Contingent Other
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x146
Property Description
Introducing a prime covered land opportunity in the high-demand Edgewater neighborhood for boutique multi-family development of up to 25 units and 8-stories, or creative end-user office or retail project. Located within an opportunity zone and on the same block as the upcoming SOHO Miami Pool House, as well as within a few blocks of the contemplated Edgewater/Wynwood Brightline Station. The property has an existing 4-unit multi-family building of 3,886 Sq. Ft. which is fully-occupied and would be positive cash-flow the future owner while covering all carry costs as the neighborhood continues to grow.
Location
State FL
County Miami-dade County
Community Pomelo Park
Area 30
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront No
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-25-007-0040
Financing Cash
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Bought with The Alpha Commercial Advisors LLC