7424 NE 2nd Ave, Miami FL 33138,Miami,Miami-Dade County,Commercial Land

3.500.000 $
7424 NE 2nd Ave, Miami FL 33138, Miami, LITTLE RIVER EXTENSION

Overview

  • Updated On:
  • January 31, 2024

Description

Opportunity to purchase a prime hard corner development site in Little River, Miami’s hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation.
The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space.
The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.

Address: 7424 NE 2nd Ave, Miami FL 33138
City:
State/County:
Zip: 33138
Country: US

Property Id: 37569
Price: 3.500.000 $
Property Lot Size: 1 ft2

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17,945.19 $
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
13,570.19 $

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