$2,300,000

Morningside development site one block east of Biscayne Blvd and minutes from the bay. 10,250 SF (approx. 100 x 104) at 631 NE 60th Street, zoned 6100 Commercial-Neighborhood: build a 12-unit apartment building or 4 luxury townhomes; single-family use is also permitted. Plans are in processing for 4 townhomes with private elevators, 2-car garages, individual pools and rooftop terraces. Existing structure is tenant-occupied, generating $3,750/month in current income with a 60-day termination clause, so you collect rent while you finalize your plans. Survey, geotech report and proposed floor plans available upon request. Aerial photo shows the lot highlighted in yellow.