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Property Description

A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.

Address Map
FL
Miami-Dade County
Miami
33135
1254 SW 2nd St
W81° 47' 3.6''
N25° 46' 16.7''
MLS Addon
1
Sale
$10,515
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T5-L
21
23/12/2025 21:06:01

1254 SW 2nd St, Miami, Florida 33135

$6,999,999
7,500 size sq.ft.
Listing ID #A11876594
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11876594
Price $6,999,999
Days on Market 138
Building Area 10,769
Status Active
Property SubType Income/multifamily
Lot Area 7,500 Sqft
List Date 2026-03-14
On Market Date 07/08/2025
Elena Beck
MiamiInvestrealty
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