$2,825,000
Active
151d
$2,825,000
Witheld #Witheld
Florida City, FL
194 bd0 sqft
$3,000,00013 days on marketActive
255 Lucy Street, Florida City, FL 33034
Florida City, FL 33034
0
Sq Ft
1.8 acres
Lot Size
Listing Snapshot
| List Price | $3,000,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 1.8 acres |
| Property Tax | $35,000/yr |
| MLS # | 1165752961 |
| Status | Active |
| Days on Market | 13 |
About This Home
38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
General Features
- Property Type
- Land
- Sub-type
- UnimprovedLand
- Zoning
- 3000
- Utilities
- None,SewerNotAvailable
- Subdivision
- CORAL BAY MANOR
Interior Features
Exterior Features
- Lot Features
- OneToTwoAcres,TwoToThreeAcres,CornerLot
- Waterfront
- No
Community Features
- MLS Area
- 2780
Schools
ElementaryLaura C. Saunders
MiddleHomestead
HighHomestead
Map
Virtual Tour
View Virtual TourListed by Yanisel Limonte · DG Pinnacle Realty
MLS# 1165752961 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1165752961 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $2,400,000
%
Est. Monthly$19,289
Principal & Interest$16,372
Property Tax$2,917
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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