Listed by Douglas Elliman Real Estate
$1,990,000
Develop 49 units West of Wynwood
Details
APN 01-31-26-051-0745
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Lot Size (SqFt) 0.115
Zoning T4-L & TOD & Live Local
Ownership Partnership
Plans in process | 2nd round of submissions
Marketing description
Permit ready before June 30th: Develop 49 units in 9-story apartment building West of Wynwood, blocks to the UM Hospital District in Miami, FL. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.
Investment highlights
Plans in process & w/ 2nd round of submissions
Develop 49 units (48 rentals & 1 commercial space)
9 stories and 100% parking reduction
Central to two (2) metro stations within 4 to 5 blocks
On NW 12th Ave just north of the Hospital District
Minutes to the Design District, Midtown & Downtown Miami & Edgewater
Easy access via 20th, 29th & NW 36th Streets east or west
Direct access to airport, Brickell, Downtown and major employment centers
Only $42,000/door land cost
Listing Contacts
Listed by Douglas Elliman Real Estate
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