Land - Mixed Use in Miami, FL – Development Opportunity for Up to 102 Units

Category: Land - Mixed Use

Price:$3,999,000

Location: Miami, FL

Year Built: 1901

Days on Market: 98

Description:

Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development (“TOD”) area using the Live Local/SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade & the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, & Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Shop at Whole Foods, Publix & Aldi. Set amongst tourist destinations, offices, & dining/nightlife & sports.

Standalone retail building located in downtown Miami, FL. Investor potential with a pro forma 6% cap rate for the new owner.

Listing Code: 1097419513