$2,950,000

139 SW 272 ST, Naranja FL, 33032

Price per sqft$20.02

Lot size3.38 Acres

Property typeLand

Overview

Active

Updated 11 days ago

This 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 site may qualify for a density increase of up to 84 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.

Additional information

MLS^® ID: 11677108

Exterior Features

Lot Size: 3.38 Acres

Other Property Details

Taxes: $10,396
Tax Frequency: Annually
View: Yes
Waterfront: Yes

Courtesy of Compass Florida, LLC with ,
Listing Contact:

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