Land For Sale • 0.91 AC
ENTITLEMENT STACK — Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone INVESTMENT HIGHLIGHTS • Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height) • Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions • Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown • Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs • Additional Upside: Potential easement along north boundary · Possible acquisition of adjacent City-owned parcel • Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion) DEVELOPMENT POTENTIAL Estimated Optimum Live Local Act Building Specs • 22 stories total · 420 units · 4 floors parking · 18 floors residential Approximate Unit Breakdown: • Studio / 1 bath: 105 units · 500 SF · $2,020 • 1BR / 1 bath: 168 units · 700 SF · $2,434 • 2BR / 2 bath: 105 units · 950 SF · $2,650 • 3BR / 2 bath: 42 units · 1,100 SF · $3,000 Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/year DISCLAIMER All figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.
| ENTITLEMENT STACK — Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 2 min | 13 min | 0.7 mi |
| Civic Center (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 3 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 21 min | - | 8.1 mi |
| Fort Lauderdale/Hollywood International | 35 min | - | 22.8 mi |