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$500,000
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Property Description
5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.
Full Property Details
Full Property Details for 1941 NW Flagler Terrace
General
- Price: $500,000
- Taxes: $4,094 (2024)
- Status: Active
- Type: Commercial Land
- Source: Greater_Miami
- MLS ID: A11652701
- Updated: 11/21/2025
Property History
- 1941 NW Flagler Terrace, Miami, FL
- Price Reduced $500,000 on 11/21/25
- Price Reduced $550,000 on 10/17/24
- Listed $5,500,000 on 9/1/24
Location
- Area: Evanston Heights
- County: Miami-Dade County
- Subdivision: EVANSTON HEIGHTS
- Building Name: EVANSTON HEIGHTS
Community
- Community Name: Evanston Heights
Utilities
- Sewer: Other, Public Sanitation
- Water: Municipal Water
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Other Utilities Available, Cable Available, Electricity Available, Natural Gas Available, Other
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Unimproved Multi Family (5+Units)
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Dimensions: 50 x 100
- Frontage Feet: 50
- Lot Features: City Location, Inside Lot, Less Than 1 Acre
- Potential Use: Central Urban, Urban Commercial
- Zoning: T4-R
Financial Considerations
- Tax Amount: $4,094
- Tax Year: 2024
Disclosures and Reports
- Legal Description: EVANSTON HEIGHTS PB 1-56 S100FT LOT 6 BLK 2 LOT SIZE 5000 SQUARE FEET OR 18569-1529 04 1999 1
- Property ID: 01-41-03-013-0280
Listed by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 1941 NW Flagler Terrace
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Citrus Grove Elementary School, Miami, FL 2121 Northwest 5th Street, Miami, FL 33125 | PK-5 | 0.3 mi |
Citrus Grove Middle School 2153 Northwest 3rd Street, Miami, FL 33125 | 6-8 | 0.3 mi |
Miami Senior High School 2450 Southwest 1st Street, Miami, FL 33135 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 1941 NW Flagler Terrace
1941 NW Flagler Ter, Miami, FL 33135 (MLS# A11652701) is a Commercial Land property with a lot size of 0.11 acres. 1941 NW Flagler Ter is currently listed for $500,000 and was received on September 01, 2024. Want to learn more about 1941 NW Flagler Ter? Do you have questions about finding other Commercial Land real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

