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 zoned 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 approvals 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 which adds a nice buffer and flexibility for site design.
Listed By
Agency Name: Compass Florida, LLC
Agency Phone: 305-697-2904
Shown By
Agent Name: Nye Mosher Schwartz, PA
Agent Phone: Cell: (954) 701-3346
Agency Title: Realty 100
Estimated Payment
$ 9,173.20 per month $7,344.37 Principal & Interest $866.33 Property Tax $962.50 Homeowner's Insurance
139xx SW 272 St | MLS# A11986385
This land located at 139xx SW 272 St, Naranja, FL 33032 is currently listed for sale with an asking price of $3,300,000. The property has approximately 3.38 Acres. Search Naranja real estate on www.nyesellshomes.com today.