Hidden Grove
$3,300,000
Sw 272 St, Naranja, FL 33032
Highlights:
- Lot Features: County Location, Near School, Other Soil Type, 2.5-5 Acres
- Building Features: Medium Traffic
- Documents Available: Aerial Photo, Engineering Studies, Other Documents Available, Site Plans, Survey Available
Description:
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.
Location
Gallery
