Prime R-6 multifamily-zoned oversized parcel in North Miami, situated between two similarly zoned properties currently operating as multifamily - reinforcing highest-and-best-use potential and possible assemblage value. Existing 3BR/2BA structure is safe and usable, ideal to remodel, rent, or hold while pursuing redevelopment. R-6 zoning permits multifamily residential development, including apartment buildings and townhome-style residences, with potential for approximately ~9 units. Located within approximately ½ mile of multiple active and approved multifamily and mixed-use developments, underscoring strong demand and density momentum in the area. Compelling land-value opportunity for developers or investors. Buyer to verify zoning, density, and all development parameters with the City of North Miami.
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 305-672-6300
Shown By
Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120
Estimated Payment
$ 5,502.60 per month $4,257.94 Principal & Interest $1,011.33 Property Tax $233.33 Homeowner's Insurance
12418 NE 4th Ave | MLS# A11937979
This single family home located at 12418 NE 4th Ave , North Miami, FL 33161 is currently listed for sale with an asking price of $800,000. This property was built in 1927 and has 3 bedrooms and 2 full baths with 2020 sq. ft. NE 4th Ave is located in the Griffing Biscyane Park Est subdivision. Search Griffing Biscyane Park Est real estate on www.adamscameroncommercial.com today.