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$ 1,750,000
Est. payment /mo
Active
150 NE 59th St Miami, FL 33137
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Highway Track
MLS Listing ID A12063358
HOA Y/N No
Annual Tax Amount $7,450
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 60x93
Property Description
Corner lot currently with two duplex buildings totaling 1,909 adjusted sf of construction - 4 units total , each 1bed +1bath, with long-term tenants in place, generating steady income until development begins. Each unit has a private backyard, separate address and tenants pay their own utilities . Impact windows throughout - 4 water meters and 4 FPL meters . Zoned T5-R allowing by right development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Open corner exposure directly across from a school maximizes light and sight lines for future development .The lot backs up to a church that occupies the entire block fronting NE 2nd Avenue- this is the only property sharing that block with the church ,offering added privacy and unique dual -frontage advantage. Located in a federally designed Opportunity Zone. One block from Magic City Innovation District -the recently revived $3B AI-focused development anchored by Dragon Global and less than 3 blocks away to the planned Innovation District Tri-Rail Station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery. Flood zone X. Buyer to verify all zoning, transit distance and eligibility independently.
Location
State FL
County Miami-dade
Community Dixie Highway Track
Area 31
Exterior
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre, Rectangular Lot
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-13-065-1640
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12063358
Listed by Beachfront Realty Inc
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