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Land For Sale • 0.22 AC
The proposed development for 143 units & 1 retail bay, the concept details 80,000 buildable SF, with average unit sizes of 402 SF, and an approximate 850 SF retail bay. The net leasable 58,000 SF of apartments are across the street from 'Block 55' residences offering retail such as Target & ALDI, as well as three (3) blocks to Publix, for all grocery needs. Walking distance to 4 metro mover stations & the Brightline. Rents in similar newly developed ‘Highland Park’ rental building with 100% parking reduction show rents at $4.64 to $4.82/SF/month. Signage income potential once built.
| Develop 143 apartments & 1 retail by right |
| Proposed 80,000 SF buildable & 58,000 leasable SF under A/C. 100% parking reduction via TOD & OZ benefits |
| Rents in similar new dev a few blocks west with 100% parking reduction is $4.62 to $4.81/SF/mo |
| Walking distance to Publix, Aldi, & Target; as well as 4 Metro Movers & Brightline station |
| Repriced at $42,000/door land cost |
| Please see attached Offering Memorandum ("OM") or email to request a copy |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 1 min | 5 min | 0.3 mi |
| Miamicentral Station (Metrorail Transfer - MiamiCentral - Tri-Rail, West Palm Beach - MiamiCentral - Tri-Rail) | 2 min | 7 min | 0.4 mi |
| Transit/Subway | Drive | Walk | Distance |
| Arena/State Plaza (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) | 1 min | 8 min | 0.4 mi |
| College North (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) | 2 min | 12 min | 0.6 mi |
| Freedom Tower (Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) | 2 min | 13 min | 0.7 mi |
| Park West (Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) | 3 min | 14 min | 0.7 mi |
| Miami Avenue (Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover)) | 2 min | 16 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 21 min | - | 10.9 mi |
| Fort Lauderdale/Hollywood International | 32 min | - | 22.8 mi |
Brian Carter, MBA, CCIM
Douglas Elliman
Brian Carter, MBA, CCIM
Douglas Elliman
