Prime Development Opportunity – 1.13 Acres (49,200 SF) of land located on a hard corner with direct frontage, visibility, and accessibility from NW 54th Street and NW 18th Avenue.
Advantageous Zoning – classified within the flexible Miami 21 T6-8-O Zoning, which allows for a variety of residential and commercial uses, up to 8 stories in height, and a density of 150 units/acre. This zoning allows for 169 units by right on the Subject Property.
Easy Accessibility – less than 1 mile from easy access to I-95 (245,000+ VPD) and SR 112 (78,500+ VPD), which provide a direct passageway to Downtown Miami, the Miami Health District, and Brickell, as well as MIA International Airport, Hialeah, Doral, and Miami Beach, respectively.
Community Cohesion – the property is strategically sited within close proximity to major grocery stores, pharmacies, national retailers, schools, core bus stops, and the Earlington Heights and Brownsville Metrorail stations.
Ancillary Information – ownership has taken on the cost of demolition, so the property will be delivered leveled and cleared. Further, there is a Billboard located on the property currently on a MTM lease that generates income. The Lease can be renegotiated to increase cash flow.
Prime Development Opportunity – 1.13 Acres (49,200 SF) of land located on a hard corner with direct frontage, visibility, and accessibility from NW 54th Street and NW 18th Avenue.
Advantageous Zoning – classified within the flexible Miami 21 T6-8-O Zoning, which allows for a variety of residential and commercial uses, up to 8 stories in height, and a density of 150 units/acre. This zoning allows for 169 units by right on the Subject Property.
Easy Accessibility – less than 1 mile from easy access to I-95 (245,000+ VPD) and SR 112 (78,500+ VPD), which provide a direct passageway to Downtown Miami, the Miami Health District, and Brickell, as well as MIA International Airport, Hialeah, Doral, and Miami Beach, respectively.
Community Cohesion – the property is strategically sited within close proximity to major grocery stores, pharmacies, national retailers, schools, core bus stops, and the Earlington Heights and Brownsville Metrorail stations.
Ancillary Information – ownership has taken on the cost of demolition, so the property will be delivered leveled and cleared. Further, there is a Billboard located on the property currently on a MTM lease that generates income. The Lease can be renegotiated to increase cash flow.