T5 ZONING-244 SW 17 CT 244 SW 17th Ct Terrain 0,04 ha À vendre 614 530 € Miami, FL 33135

The property at 244 SW 17th Ct, Miami, FL 33135, is a legal fourplex situated on a corner lot in the Little Havana neighborhood. Constructed in 1928, the building encompasses approximately 1,835 square feet and resides on a 4,750-square-foot lot.
Zoned as T5-R under the Miami 21 Zoning Code, this designation permits limited mixed-use and multi-family residential developments, allowing for structures up to five stories in height. The T5 zone aims to foster a small town center ambiance, encouraging pedestrian activity and community engagement.
The property's strategic location offers proximity to key Miami areas: less than a mile from LoanDepot Park (home of the Miami Marlins), and near Brickell, Downtown, and Wynwood.
This central positioning enhances its appeal for redevelopment opportunities.
However, it's important to note that the property is currently under a demolition order. Prospective buyers should conduct thorough due diligence, consulting with local authorities to understand the implications of this order and any associated requirements or restrictions. Engaging with the City of Miami's Planning and Zoning Department can provide clarity on redevelopment possibilities and compliance with current zoning regulations.
Given the property's zoning and location, there are substantial opportunities for redevelopment, particularly for multi-family residential projects or mixed-use developments that align with the T5-R zoning criteria. Developers and investors should assess the potential to maximize the site's value while adhering to the zoning guidelines and addressing the existing demolition order.