A development opportunity in the WOW District of Allapattah. An area some are saying will be the next Wynwood. This property consists of two folios for a total of 7,200 SF. There is currently a home on property with a tenant paying $1,500 per month and the lot is rented to the city for $1,100. Total yearly gross $31,200. Property is being sold for land value. DO NOT DISTURB THE TENANT. Zoned D1 which allows: Commercial, Industrial, Warehouses, Residential, Work live, Bed & Breakfast, Inn, Office, Parking, Entertainment, Church or Food service. Centrally located close to Jackson Memorial, Design District, Wynwood, Downtown, and the new Rubell Family Collection. At $76 SF it is way below the neighbors asking price of $134 SF. Home will not be shown until we have an effective contract.
