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$ 6,600,000
Est. payment | /mo
0.86 Acres Lot
$ 6,600,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Lawrence Estates Land Cos
MLS Listing ID A12116527
HOA Y/N No
Annual Tax Amount $29,644
Tax Year 2026
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type Other
Property Description
Fausto Commercial presents a 37,500 SF two-folio development assemblage spanning SW 3rd to SW 4th Street just off SW 12th Avenue in Little Havana, priced at $176 per land foot and positioned for high-density Live Local entitlement in one of Miami's fastest-growing rental submarkets.
Little Havana is in the middle of a development boom driven by a shortage of mid-income housing. As rents climb in Brickell and Downtown, renters are moving west for value, supporting high occupancy and sustained rent growth for years to come. Under Florida's Live Local Act (SB 102), both the 15,000 SF T5-O and 22,500 SF T4-L portions qualify, supporting ±860 residential units and up to 24 stories (48 with bonuses). Frontage on two streets eases parking and circulation; the T4-L portion carries its own setbacks. At roughly $7,700 per buildable unit, this is one of the most efficient land bases in the urban core.
Little Havana is in the middle of a development boom driven by a shortage of mid-income housing. As rents climb in Brickell and Downtown, renters are moving west for value, supporting high occupancy and sustained rent growth for years to come. Under Florida's Live Local Act (SB 102), both the 15,000 SF T5-O and 22,500 SF T4-L portions qualify, supporting ±860 residential units and up to 24 stories (48 with bonuses). Frontage on two streets eases parking and circulation; the T4-L portion carries its own setbacks. At roughly $7,700 per buildable unit, this is one of the most efficient land bases in the urban core.
Location
State FL
County Miami-dade
Community Lawrence Estates Land Cos
Area 41
Zoning 6101
Exterior
Private Pool Yes
Building
Faces South
Others
Tax ID 01-41-02-006-3850
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Listed by Fausto Commercial Realty Consultants Inc