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$ 1,825,000
Est. payment | /mo
0.32 Acres Lot
$ 1,825,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Melrose Heights 5Th Sec
MLS Listing ID A11807115
HOA Y/N No
Annual Tax Amount $24,173
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 103x135
Property Description
This property offers a compelling investment opportunity, combining immediate income with substantial development potential. Currently generating income from a car dealership, it provides a reliable revenue stream. The 13,946 square-foot lot, featuring a 1,450 square-foot structure, allows for significant development—up to 48 units in an 8+ floor building, or potentially 12 floors with bonuses. Located on a prime corner between NW 36 Avenue and NW 36 Street, it boasts high visibility and easy access to major expressways, enhancing its appeal for both commercial and residential projects. This property is ideal for investors seeking both short-term returns and long-term growth potential.
Location
State FL
County Miami-dade
Community Melrose Heights 5Th Sec
Area 31
Exterior
Utilities Available Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-28-014-0100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11807115
Listed by Avanti Way Brickell
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Renyel Rivero & Severiano Fernandez
Real Estate Consultants