Redevelopment Opportunity. Affordable Housing. MIA

North Miami Beach, FL
Miami Dade County

Top Location Major East West Corridor Miami


Asking Price: Annual Revenue:
$2,400,000 Not Disclosed

Commercial Real Estate: Multi-Family


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RE: Redevelopment Opportunity. Affordable Housing. MIA Broker: Brian Zoberg
License #: BK3289133

Quick Facts

Asking Price: $2,400,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,400,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 271656348
Broker Reference #: Not Disclosed

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Business Overview:

Rare opportunity to purchase a free-standing subdivided retail building on one of the most heavily traveled areas of North East Dade, Miami. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site. Approval and plans already in place. Renderings available for qualified prospects. Currently rented to 4 retail tenants who are on month to month leases and paying below market rent. This property is best seen as a soli1d covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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