RealPro Group S. Fl Real Estate
Commercial Land: Unimproved Multi Family (5+Units)

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650 SW 1st St Miami, FL 33130
Price: $1,700,000
Type of Property: CommercialArea: 41
Style of Property: Unimproved Multi Family (5+Units)
ID#: 1011367486 Zoning_Information: 6110
Tax Amount: 13126
Status: Active & AvailableTax Year: 2022
Approximate Lot Size: 50 X 150
County: Miami-Dade County
Folio Number: 01-02-01-060-1080
Listed Date year/month/day: 2023-04-05
Legal:CITY OF MIAMI SOUTH PB B-41 LOT 7 BLK 16 LOT SIZE 50.000 X 150 PROB #96-3725 (02) 17390-0009 0996 5

Permit Approved 22-unit development site in Little Havana, Miami, FL that is 100% parking approved. Amazing Rental development offering a builder a proforma IRR of over 20%, in the path of progress central to Brickell, Gables, Grove, Hospital District & Wynwood. Mixed use plans for 1 retail bay fronting the street, 20-“studios & 1 beds”, & one – 2-bed unit. LT or ST rental potential. Cost effective development plans for 9,300 SF of total rental income. Project submitted prior to May 01, 2022 for the 100% parking approval. Nearly permit approved with full plans submitted and on last round of comments. Plans transfer with the purchase. Buyer reimburses Seller’s permit & impact fees at closing in addition to purchase price. See attached proforma development model.


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RealPro Group, Inc. is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange Program (IDX) and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing.This property is listed by Douglas Elliman .
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RealPro Group, Inc.
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Joe A. Ardolino

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