$2,142,000
$2,220,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 08/22/2024
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with The Alpha Commercial Advisors LLC
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "