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Land For Sale • 0.11 AC
Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. 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.
| Plans submitted for 49 units (48 rentals & 1 commercial unit) |
| Plans submitted by right under Live Local & are on the 2nd round of comments |
| Proform $1.1 mm + in rents when delivered and stabilized as leased up |
| Near 2 metro stations 4-5 blocks north and south of site for TOD status |
| Between Wynwood, Design District, Midtown Miami, Edgewater & the Hospital District |
| Only $42,000/door land cost |
| Total Expenses: | $330,782 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 1 min | 8 min | 0.4 mi |
| Allapattah (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 1 min | 10 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 20 min | - | 8.7 mi |
| Fort Lauderdale/Hollywood International | 33 min | - | 21.7 mi |
Brian Carter, MBA, CCIM
Douglas Elliman
Brian Carter, MBA, CCIM
Douglas Elliman
