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248th st US1 Miami FL 33032 MLS #A11751390

248th st US1
Miami, FL, 33032
$5,000,000
Beds
0 Bathrooms
0 SqFt
2 Acres
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$5,000,000
248th st US1
Miami, FL, 33032
MLS #A11751390 image #0MLS #A11751390 image #1MLS #A11751390 image #2MLS #A11751390 image #3

Project Description

The Canero Group is presenting the sale of a development site consisting of an approximately (2.07 Acres Gross)parcel in Miami Dade County.
The Project is part of the Princeton Community Urban Center District (PCUC), in the Core Subdistrict allowing a density of up to 125 units per gross acre. This allows
up to 258 units on the site. As shown in aerials to follow, this is one of the last available lots to develop in the area.
While the buyer may create their own site plan to obtain the 258 units, to optimize cost-efficiency, we are proposing a building of 254 apartments for senior
living spread across 7 floors with a separate free standing parking garage of 2 floors. Having a bus stop adjacent to our property allows us to reduce parking
by 40%.

Property Details

Price:
$5,000,000
MLS #:
A11751390
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Listed Date:
Feb 24, 2025
Lot Size:
85,143 sqft / 2.00 acres (approx)
Unimproved Business/commercial

Schools

Interior

Exterior

Financial

Tax Year
2024
Taxes
$29,160

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
248th st US1
Miami, FL