Description

Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

Address

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Address: 62nd St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33147
Area: FRANCES PK

Details

Updated on March 21, 2026 at 3:03 am

Property ID A11986571
Price $2,500,000
Land Area 0.72 Square Feet
Type Residential
Property Status Land/Boat Docks

Additional details

AdditionalParcelsYN 1
BuildingAreaUnits Square Feet
BuildingName FRANCES PK
ContractStatusChangeDate 2026-03-20
CurrentUse Multi-Family, Check Land Use Plan, Other Usage
DaysOnMarket 0
DevelopmentStatus Other
DirectionFaces North
DocumentsAvailable Abstract, Aerial Photo, Plans Available
DocumentsCount 3
ExpirationDate 2026-04-13
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-316-5859
ListingTerms All Cash, Conventional
LotFeatures City Location, Corner Location, Other Soil Type, 3/4 To Less Than 1 Acre Lot, Other
LotSizeSquareFeet 30209
MLSAreaMajor Frances Pk
MajorChangeTimestamp March 20, 2026 at 04:09pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp March 20, 2026 at 08:00pm
OnMarketDate 2026-03-20
OriginalEntryTimestamp March 20, 2026 at 04:09pm
OriginalListPrice 2500000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures None
ParcelNumber 30-31-15-032-0050
PhotosChangeTimestamp March 20, 2026 at 04:15pm
PhotosCount 3
Possession Funding
PostalCodePlus4 7739
PriceChangeTimestamp March 20, 2026 at 04:03pm
PublicSurveyRange 31
PublicSurveySection 15
PublicSurveyTownship 31
RoadFrontageType Legal Access Road, City/County Maintained, Public Road
RoadResponsibility Public Maintained Road
RoadSurfaceType Paved
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 443899394
StateOrProvince FL
StatusChangeTimestamp March 20, 2026 at 04:09pm
StreetDirPrefix NW
StreetName 62nd St
StreetNumber 2390
StreetNumberNumeric 2390
StructureType Residential
SyndicationRemarks Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30, 209 sq. ft. across 5 folios with a 50, 848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!
TaxAnnualAmount 5431
TaxLegalDescription FRANCES PARK PB 19-5 LOTS 6 THRU 12 LESS N20FT FOR R/W BLK 1 LOT SIZE 18582 SQ FT OR 13171-1877 0187 1 COC 24845-3916 25616-2557 0706 4
TaxYear 2025
Utilities Electricity Connected, Sewer Connected, Water Connected
Vegetation No Trees
WaterSource Municipal Water
Zoning 6062