For Sale

1560 NORTHWESR 15TH ST ROAD

Miami, FL 33125

$3,900,000

Highlights

  • 9,856 SF building on a 15,526 SF (0.36 acres) lot
  • 16 units
  • Asking $396/SF

Property facts

Price
$3,900,000
Price per SF
$396/SF
Property type
Multi-family
Building size
9,856 SF
Lot size
15,526 SF (0.36 acres)
Units
16

About this property

Extraordinary investment opportunity in the heart of Allapattah by the Civic center and River Landing retail center, boasting an exceptional 1970s CBS construction covered-land play. This sixteen (16)-unit apartment building, situated on a 15,526 SF lot zoned T6-12-O w/parking is prime for developers. This high density zoning of 150 du/acre also qualifies by right for TOD benefits given proximity to UHealth Station, it is further enhanced with SB120/Live Local, height is limited only by FAA, density could be potentially over 300 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each apartment features a well- designed floor plan w/1 bed & 1 bath, providing consistency and ease of management. Within walking distance to River Landing, Civic Center, the VA, and metro rail. A full range of entertainment and commercial amenities including office space, hotel, shops, restaurants. Further, its located near the bustling Miami Intl Airport, Wynwood, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore th

From the listing broker.

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