$1,990,000

PRIME SOUTH MIAMI-DADE DEVELOPMENT OPPORTUNITY! 1.12± gross-acre development site in the growing Naranja corridor. Property features an approved site plan for 18 townhomes plus an alternative 51-unit mid-rise multifamily development concept consisting of 33 one-bedroom and 18 two-bedroom units. Multifamily concept provides 93 parking spaces and approximately 34,851 SF of rentable area. Convenient access to nearby transit, including the South Miami-Dade Busway/Bauer Drive Station. Vacant site. Plans, traffic study and available due diligence materials provided upon request. Buyer to independently verify zoning, density, approvals and development rights. Exceptional residential development opportunity in the growing Naranja/South Miami-Dade corridor. This vacant development site offers approximately 1.12± gross acres and two compelling residential development scenarios: an approved site plan for 18 townhomes and an alternative 51-unit mid-rise multifamily concept consisting of 33 one-bedroom and 18 two-bedroom residences. The 51-unit conceptual plan provides approximately 34,851 SF of total rentable area and 93 proposed parking spaces. The property is located within the NCUC (Naranja Community Urban Center), Center Subdistrict, with an RM (Residential Modified) land-use designation as reflected on the conceptual site plan.