7900 21St AveMiami, FL 33147

Property Details for 7900 21St Ave

Lot size

0.21 AC

Property size (Sq ft)

9,450 SF

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.21-acre development site, located at 7900 NW 21st Ave in Miami, Florida (33147), presents a unique opportunity to acquire a fully approved 26-unit residential project with two retail spaces. The property, encompassing 9,450 square feet (70 x 135 lot dimensions), is zoned NCUAD and boasts a five-story building plan already approved. The project benefits from a significant 25% workforce housing density bonus and a complete 100% parking reduction, streamlining construction and maximizing profitability. Four units are designated as Workforce Housing Units (WHUs). This prime location on the 79th Street corridor offers convenient access to public transportation via the nearby Northside Metrorail Station and Northside Center Mall, along with numerous shopping options and three nearby grocery stores. Major highways are also easily accessible. The asking price is $990,000 ($104.76 per square foot), and the approved plans allow for expedited construction commencement, minimizing delays and maximizing return on investment. The APN is 30-3110-057-1822. This is a turnkey opportunity for immediate development.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8464

Longitude

-80.2315

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