SW 272 STMiami, FL 33032
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$13,459This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
| 3 months ago | Price changed to $2,950,000 | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
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