7424 2nd Ave ,Little River Extension for Sale

7424 2nd Ave for Sale

Price $3,500,000.00

• Lot size 25332
• Year Build
• Waterfront
• Zip 33138
• Style
• Parking Description
• Pool Yes
• Status Active

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.

12 53 41 LITTLE RIVER EXT PB 9-138 LOTS 16 THRU 20 BLK 2 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 15688 SQ FT M/L

Central Business District, City Location, Corner Location, Less Than 1 Acre

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.

City:Miami,Zoning:7700,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:25.8432936,List Price:3500000,Listing Id:A11524035,Longitude:-80.1928026,Mls Status:Active,Utilities:1:Natural Gas Connected,2:Sewer Connected,3:Water Connected,4:Electricity Available,5:Natural Gas Available,6:Sewer Available,7:Trash Removal,8:Water Available,Postal Code:33138,Street Name:2nd Ave,Coordinates:1:25.8432936,Lot Features:1:City Location,2:Corner Location,3:Less Than 1 Acre,Photos Count:10,Possible Use:1:Urban Commercial,Building Name:LITTLE RIVER EXTENSION,Days On Market:176,Lot Size Acres:0.58,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Little River Extension,On Market Date:2024-01-30,Parcel Number:01-31-12-030-0350,Property Type:Commercial Land,Street Number:7424,Public Remarks: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.,County Or Parish:Miami-Dade County,Frontage Length:210,List Office Name:STL Advisors, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5312,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:LITTLE RIVER EXTENSION,Tax Annual Amount:14305,Unparsed Address:7424 NE 2nd Ave, Miami FL 33138,Listing Agreement:Exclusive Agency,Building Area Units:Square Feet,Lot Size Dimensions:210x135,Lot Size Square Feet:25332,M I A M I R E_ L P Amt Sq Ft:138.1652,Original List Price:3500000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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.,Additional Parcels Y N:1,Listing Contract Date:2024-01-30,Originating System I D:miamire,Public Survey Section:12,Showing Instructions:Call Listing Agent,Street Number Numeric:7424,Tax Legal Description:12 53 41 LITTLE RIVER EXT PB 9-138 LOTS 16 THRU 20 BLK 2 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 15688 SQ FT M/L,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Internet Remarks:Opportunity to purchase a prime hard corner development site in Little River, Miami?s hottest emerging market.,Contract Status Change Date:2024-01-30,Internet Address Display Y N:1,Transaction Broker Compensation:1.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,