This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
Ready for Development in the Naranja Community Urban District. Close proximity to mass transit. Great location for live local-workforce housing mixed use project to take advantage of all the extra benefits such as increased density, parking accommodation, up to 75% reduction in property taxes and much more. Clear visibility from South Dixie Highway yet adjacent to a traditional residential neighborhood makes this an ideal location. Current plans in process call for 152 Residential Units and 6-10 Commercial Units fronting SW 272nd Street.
Ready for Development in the Naranja Community Urban District. Close proximity to mass transit. Great location for live local-workforce housing mixed use project to take advantage of all the extra benefits such as increased density, parking accommodation, up to 75% reduction in property taxes and much more. Clear visibility from South Dixie Highway yet adjacent to a traditional residential neighborhood makes this an ideal location. Current plans in process call for 152 Residential Units and 6-10 Commercial Units fronting SW 272nd Street.
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Naranja is located in Florida. Naranja, Florida has a population of 12,905. Naranja is less family-centric than the surrounding county with 23.23% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Naranja, Florida is $46,743. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Naranja is 29.4 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 54.6 degrees. The average rainfall is approximately 61.2 inches per year, with 0 inches of snow per year.
