SW 115 Rd & SW 117 Ave, Miami, FL 33177

Fausto Commercial is pleased to present K2 Goulds Apartments, a ±3.43-acre transit-oriented assemblage strategically positioned along the South Dade Bus Rapid Transit (BRT) corridor and US-1.

Site has two development pathways, pursuing its existing submitted site plan approval, or starting a new design altogether to maximize density. South-Dade is drawing immense development interest for its ability to provide affordable larger land parcels, in quiet and comfortable neighborhoods, with great local retail, strong jobs, and great access to convenient public transit. This site corners a Bus Rapid Transit (BRT) stop, on a transit way which operates 24 hours a day and 365 days a year, with frequencies of up to every 7 minutes. The first development option for this site is an architectstamped site plan already submitted to Miami-Dade County for a 238-unit, 12-story residential tower. The planned unit mix — 52 one-bedroom, 139 two-bedroom, and 47 three-bedroom apartments— is purpose-built for the area's growing workforce population, with 378 parking spaces on grade + parking deck. The submitted site plan offers a significant design and entitlement head start bypassing 12 to 18 months of planning time and an estimated $200,000 to $300,000 in pre-development soft costs. The second development option is to maximize residential density. A live local application can get you up to 250 units per acre or 900 total, with ~400 units being realistically easily placeable with structured parking. Due to proximity to BRT stations, site qualifies for massive parking reductions. The corridor's viability is further validated by three adjacent projects — Black Creek Apartments, Southpoint Vista (approved and actively under construction, 3k + apartments at the Southland Mall Redevelopment, and just announced 600 units at the nearby Tre Bel Project, demonstrating clear county support for density in this location. The property currently benefits from an agricultural tax exemption, minimizing carry costs during the entitlement period, and an existing month-to-month nursery tenant that provides flexibility for a seamless transition at closing. Offered at $7,600,000 $31,932 per buildable unit for the site plan approved option or $15,200/door for the live local option.