139XX SW 272 ST, Naranja FL 33032

Description

This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, offered at $976,335 per acre-delivering exceptional value for investors and developers alike. The property is zone R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approval for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal with adds a nice buffer and flexibility for site design.

This residential home located at 139XX SW 272 ST, Naranja FL 33032 is currently for sale and has been available on Brickellsold for 3 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. 139XX SW 272 ST, Naranja FL 33032 is in Naranja county Miami-Dade County.