125 55Th StMiami, FL 33137

Exceptional investment opportunity in Miami's burgeoning Magic City neighborhood. This vacant lot, located at 125 NE 55th St, Miami, FL 33137 (Miami-Dade County), is offered at $889,599 and comes complete with approved building plans for a five-unit multifamily structure. The plans, valued at $70,000, have already been submitted to the City of Miami (process number BD23-022574-001) and include two 2-bedroom/1-bathroom units and three 2-bedroom/2-bathroom units. Construction can commence immediately, eliminating lengthy permitting delays. The property's strategic location offers significant upside potential, situated just five minutes north of the Design District and across the street from a recently completed five-unit Airbnb complex and two additional multifamily developments currently under construction. This presents a unique chance to capitalize on the area's rapid growth and high demand for rental properties. The sale includes the approved building permits, streamlining the development process and minimizing potential hurdles. This is a turnkey opportunity for investors seeking immediate returns in a thriving Miami market.