$1,790,000

Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center. Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.

$650,000

Water view of Big Bayou and quick water access from this vacant buildable lot. Multi-story home or homes, multiple town homes, or multi-family can be developed on this land. Versatile zoning offers many options to realize a worthwhile return on your investment. Four to six units total are possible on this lot as condos, apartments, or town homes pending whether it is developed as purely market rate units, workforce/attainable units, or a mixture. A partial water view is possible from second floor, third floor, and/or a walkout rooftop deck. You can also build a sizeable primary home or design with the intent to “house hack.” This neighborhood is transitioning in value rapidly! It is your responsibility to confirm all of what this zoning allows with The City of St. Petersburg zoning department. Water view of Big Bayou and quick water access from this vacant buildable lot. Multi-story home or homes, multiple town homes, or multi-family can be developed on this land. Versatile zoning offers many options to realize a worthwhile return on your investment. Four to six units total are possible on this lot as condos, apartments, or town homes pending whether it is developed as purely market rate units, workforce/attainable units, or a mixture. A partial water view is possible from second floor, third floor, and/or a walkout rooftop deck. You can also build a sizeable primary home or design with the intent to “house hack.” This neighborhood is transitioning in value rapidly! It is your responsibility to confirm all of what this zoning allows with The City of St. Petersburg zoning department.