1235 2nd St , for Sale

1235 2nd St for Sale

Price $1,300,000.00

• Lot size 7500
• Year Build 1914
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 4: 1 bed 1 bath units, and 1 Studio, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. The 40 yr certification was completed in June 2024. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents.

This market is suffering a crisis of affordable housing, and with virtually 0% vacancy, these units will rent fast when built and rents will keep growing over time. The site benefits from great proximity to Miami?s biggest employment generator, the Health and Civic Center, and excellent access to lifestyle amenities. Miami is suffering a crisis of middle and working class housing, and Little Havana is uniquely posed to provide an answer for that need. Little Havana is centric to all the major employment centers of our city, has the city's best public transit connectivity, is increasingly serviced by great new local restaurants. - 40 yr cert complete, available upon request.

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 16 BLK 80 LOT SIZE 7500 SQUARE FEET OR 17460-3347-3357 1096 4

An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 4: 1 bed 1 bath units, and 1 Studio, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. The 40 yr certification was completed in June 2024. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents.

City:Miami,Zoning:T6-12-O,List A O R:A-Miami Association of REALTORS,Latitude:25.7718028,List Price:1300000,Listing Id:A11692989,Longitude:-80.2153993,Mls Status:Active,Year Built:1914,Postal Code:33135,Street Name:2nd St,Coordinates:1:25.7718028,Photos Count:43,Business Type:1:Commercial/Residential Income,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-11-12,Parcel Number:01-41-02-006-1890,Property Type:Commercial Sale,Street Number:1235,Public Remarks:An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 4: 1 bed 1 bath units, and 1 Studio, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. The 40 yr certification was completed in June 2024. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:This market is suffering a crisis of affordable housing, and with virtually 0% vacancy, these units will rent fast when built and rents will keep growing over time. The site benefits from great proximity to Miami?s biggest employment generator, the Health and Civic Center, and excellent access to lifestyle amenities. Miami is suffering a crisis of middle and working class housing, and Little Havana is uniquely posed to provide an answer for that need. Little Havana is centric to all the major employment centers of our city, has the city's best public transit connectivity, is increasingly serviced by great new local restaurants. - 40 yr cert complete, available upon request.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2403,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:20116,Unparsed Address:1235 SW 2nd St, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Building Area Total:4424,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:1300000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 4: 1 bed 1 bath units, and 1 Studio, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. The 40 yr certification was completed in June 2024. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents.,Listing Contract Date:2024-11-12,Originating System I D:miamire,Public Survey Section:2,Street Number Numeric:1235,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 16 BLK 80 LOT SIZE 7500 SQUARE FEET OR 17460-3347-3357 1096 4,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Visit Fausto Commercial for more investment opportunities.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-11-12,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,