12501 SW 236th Street, Homestead, FL 33032

Property Description

PRIME SOUTH MIAMI-DADE MULTIFAMILY DEVELOPMENT OPPORTUNITY. Asking Price: $10,490,000|$42,300 per approved unit. 7.27± gross acres/6.49± net acres with RU-4 zoning, approved Site Plan and CDMP Amendment in place for a 248-unit workforce housing development. Approved development plan consists of six 3-story multifamily buildings with a mix of 84 one-bedroom and 164 two-bedroom units, together with surface parking and community amenities. Significant entitlement work has already been completed, providing a developer the opportunity to advance an approved multifamily concept rather than beginning the zoning process from the ground up. Ideally suited for workforce housing, garden-style multifamily or other residential development consistent with applicable approvals and regulations. Convenient South Miami-Dade location with access to major transportation corridors, employment centers, retail and the continued residential growth of the South Dade market. Approved Site Plan, Resolution, recorded Declaration of Restrictions, survey and additional property information available. Buyer to independently verify all zoning, density, development rights, utilities, approvals, acreage and other property information. Development opportunity with substantial entitlement work completed. Property has approved RU-4 Rezoning, CDMP Amendment and Site Plan for a 248-unit workforce housing development consisting of six 3-story multifamily buildings with 84 one-bedroom and 164 two-bedroom units. 7.27± gross acres/6.49± net acres. Asking price $10,490,000 ($42,300 per approved unit). Seller has not submitted a full set of construction plans for approval. Additional permitting, engineering and development approvals will be the responsibility of Buyer. Water/sewer infrastructure improvements are required; Seller does not have cost estimates for such improvements. Approved Site Plan, Resolution Z-7-25, recorded Declaration of Restrictions, survey and WASD information available. Additional documents and due diligence materials will be provided to qualified purchasers as part of the due diligence process once under contract. Buyer to independently verify zoning, density, unit count, acreage, utilities, infrastructure requirements, approvals, permitting requirements and all other development information.