BEST ZONING IN EL PORTAL - ZONE 5/URBAN CENTER - ALLOWS 150 UNITS/ACRE, 80% LOT COVERAGE, 6-8 STORIES, AND AS LITTLE AS 1/2 PARKING SPACE PER UNIT! BUILD 94 UNITS WITH SURFACE PARKING, WITH FLEXIBLE SHORT/LONG TERM LEASING OPTIONS. Just west of Biscayne Blvd, in close proximity to the upcoming BRIGHTLINE Train Station, & abutting a new 15 acre mega-development site, this property offers very liberal zoning that can generate both stable long-term cashflow and lucrative short-term income. Office and pure hotel use (188 keys) also allowed. Currently 14 legal units on the site, with a majority of month-to-month tenants, grossing about ~$230,000/yr - collect income while you finalize your development plans. Property Recertification completed in December 2021.
Full Address: 515-519 NE 83rd St, Miami FL 33138, Miami, FL 33138
Total Size: N/A
Taxes: $40522 x Year