What is the actual property for sale?

It is a quadruplex building, constructed in 1948, with 2,018 square feet of living area at 555 NE 127th St, North Miami. The listing is for the sale of this property.

Why is this considered a development opportunity?

The property has a conditionally approved change of use, allowing for a future 3-story boutique residential building with up to 12 units and 25 parking spaces. It is located within North Miami's P3 redevelopment zone, which is targeted for significant growth and investment.

The listed price is $1,175,000.

Where exactly is it located?

It is located at 555 NE 127th St in North Miami, FL 33161. The property is just steps from NE 125th Street and the planned Northeast Corridor rapid transit line.

What is the current zoning or approved use?

The public facts state a conditional change of use has been approved to allow for a future 3-story residential building. The current property is an existing quadruplex. For specific zoning details and conditions, a buyer should verify all municipal approvals directly.

What is the surrounding area like?

The area is part of North Miami's P3 redevelopment zone, which is seeing major public and private investment, new multifamily projects, and infrastructure upgrades. It is near a future rapid transit corridor.