Executive Summary
• Overview:
o Four contiguous parcels totaling approximately 33,870 SF (0.78 acres) in Miami, Florida.
o Zoned partly BU-1A (Limited Business District) and RU-2 (Two-Family Residential).
o Ideal for multi-use redevelopment, including commercial, retail, mixed-use residential, or multifamily.
• Key Opportunity:
o High-traffic location off the Palmetto Expressway (State Road 826).
o Rare assemblage in a fast-growing urban corridor.
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Slide 3: Property Overview — Folios & Current Use
1. NE Lot
o Address: 7600 W Flagler St, Miami FL 33144
o Folio: 30-4002-008-0130
o Lot Size: 9,570 SF
o Zoning: BU-1A (Commercial – Arterial)
o Land Use (Appraiser): Commercial: Vacant Land
2. NW Lot
o Address: 7600 W Flagler St, Miami FL 33144
o Folio: 30-4002-008-0093
o Lot Size: 5,050 SF
o Zoning: BU-1A (Commercial – Arterial)
o Land Use (Appraiser): Commercial: Vacant Land
3. SE Lot
o Address: 7601 W Flagler St, Miami FL 33144
o Folio: 30-4002-008-0140
o Lot Size: 11,000 SF
o Zoning: RU-2 (Two-Family Residential)
o Land Use (Appraiser): Residential: Vacant Land
4. SW Lot
o Address: 29 SW 76th Ct, Miami FL 33144
o Folio: 30-4002-008-0094
o Lot Size: 8,250 SF
o Zoning: RU-2 (Two-Family Residential)
o Land Use (Appraiser): Multifamily (2 Living Units, built in 1974)
Aggregate Site Details:
• Total Acreage: ~0.78 acres
• Total Lot Size: 33,870 SF
• Asking Price (Combined): $9,317,891.49 (approx. $275.11/SF)
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Slide 4: Zoning & Development Potential
• Zoning Breakdown:
o BU-1A (Limited Business District)
? Allows a variety of commercial uses: retail, offices, limited service businesses.
? Potential for mixed-use or ground-floor commercial with upper-floor residential (subject to County approvals).
o RU-2 (Two-Family Residential District)
? Duplex or two-family residential uses allowed by right.
? Potential for subdividing if Code requirements are met (minimum frontage, lot area, setbacks, etc.).
? Can incorporate multifamily redevelopment, subject to Miami-Dade regulations.
• Development Notes:
o Attached Miami-Dade County zoning letters confirm each folio’s zoning designation.
o Any new construction must comply with County codes, concurrency rules, and any site-specific covenants or resolutions (e.g., Resolution No. Z-39-92, declarations of restrictions, etc.).
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Slide 5: Location & Market Drivers
• Strategic Positioning:
o Direct frontage on W Flagler St with immediate access to Palmetto Expressway (SR 826).
o Surrounded by national retailers (Home Depot, Costco, Walmart), pharmacies (CVS, Walgreens), and grocery/quick-serve (Publix, Presidente, Wawa).
• Transit & Access:
o Nearby Metrorail, Tri-Rail, and Amtrak stations; close to Miami International Airport.
o High population density corridor with strong demand for housing and commercial services.
• Growth & Legislation:
o Live Local Act (SB 102) provides incentives for affordable and mixed-use housing, potentially boosting ROI for new developments.
o Ongoing urban revitalization in the Miami area, with continued residential and commercial growth.
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Slide 6: Site Aerials & Visuals
• Aerial Maps
o Highlighting each lot’s boundaries, access points, and surrounding amenities.
• Images/Renderings (if available)
o Potential concept for mixed-use development (retail + residential) or purely commercial.
o Multifamily redevelopment scenarios.
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Slide 7: Financial & Tax Data Highlights
• Property Appraiser Values:
o Combined 2023 Market Value (all four folios): over $1.9M (according to property appraiser).
o Detailed breakdown per folio (see Slide 3).
• Tax History & Assessments:
o Non-Homestead Cap reductions apply to certain parcels.
o Deeds include multi-parcel sales and QCD (Quit Claim Deeds).
• Potential Value Add:
o Up-zoning or site-plan approvals could significantly increase future land value.
o Existing RU-2 lot with a multifamily structure can produce income during entitlement.
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Slide 8: Investment Opportunity & Next Steps
• Summary of Potential:
o Rare assemblage with dual zoning (commercial + residential) offers wide flexibility.
