About This Property
Land & Docks in Miami
Prominent corner property directly on NE 59th Street. This 5,552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17,825 buildable square feet under Miami 21 zoning guidelines. The parcel offers corner exposure, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7,000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.
Features & Amenities
Property Highlights
Sewer
- Public Sewer
Trees
- Avocado
Fencing
- Fenced
Utilities
- Electricity Available
- Sewer Available
- Irrigation Water Onsite
Possession
- Close Of Escrow
Current Use
- Check Land Use Plan
- Residential
WaterSource
- Public
Water Source
- Public
Listing Terms
- Cash
Development Status
- Recorded Plat
Showing Requirements
- Call Listing Agent
Specifications
Property Details
Location