$1,895,000
For Sale

1477 NW 79th St

Miami, FL 33147
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Commercial

Description

SITE PLAN APPROVED project for 126 units + retail.  Priced to move because of partnership dissolution. Seller financing with as little as 25% down. Can expand the project an additional 6 floors and up to 185 units total by right (or make the build smaller, asking $ works for a smaller project) Nearby developments include Lennar 79th St project,  the Swerdlow Group mixed-use brightline mega project and HueHub project of over 4,032 units. Benefits of this project include 75% reduction in property taxes in perpetuity, waiver of impact fees and refund in sales tax on materials. Cost savings of $1,713,600 off the construction estimate. New water/sewer infrastructure provided by the county and is being installed along all three sides of the property.  Full construction estimate available.

  • Property Details
      • Utility FeaturesElectricity Connected, Sewer Connected, Underground Utilities, Water Connected, Electricity Available, Sewer Available, Water Av
      • Lot DescriptionCentral Business District, Corner Location, Urban Area Development, Less Than 1 Acre
      • SubdivisionEVERGLADES AVE HEIGHTS
      • Sewer InformationPublic Sanitation
      • CountyMiami-Dade County
      • Utility SourceMunicipal Water
      • Property SubtypeResidential
      • Structure TypeResidential
      • MLS #A11791670
      • MLS #A11791670
      • Property TypePurchase
      • Cost1895000
      • Acres0.393

Location

Luxe PropertiesReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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