See all 14 photos
$1,790,000
Est. payment /mo
5,401 Sqft Lot
New
1552 NW 15th Ave Miami, FL 33125
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Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Grand View Park
MLS Listing ID A12061585
HOA Y/N No
Annual Tax Amount $10,527
Tax Year 2025
Lot Size 5,401 Sqft
Acres 0.124
Lot Dimensions 50x108
Property Sub-Type Residential
Sub Type Residential
Property Description
Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.
Location
State FL
County Miami-dade
Community Grand View Park
Area 31
Direction Sign on property. Don't both the tenants. See attached OM. No interest in JVs
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-35-010-0250
Acceptable Financing Cash
Listing Terms Cash

Listed by Douglas Elliman
NEARBY SCHOOL & BUSINESS
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