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Land For Sale • 0.67 AC
Exciting Little Havana 137 Unit Development Site minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & Miami International Airport. Seller may be willing to hold for a longer closing depending upon negotiated terms. Seller may be willing to JV at the asking price, with $4.0 mm released at JV-document execution, and with the balance payment to full asking price plus an additional acceptable negotiated returns and payout triggers negotiated. Proposed 8 stories structure, w/ potential for 12 if desired. Assemblage of 4-lots fronts both SW 1st & 2nd Streets. Proposed development details: 75,105 leasable SF/ 162,770 buildable SF. Proforma returns in attached OM. Covered Land Play generating $17,000/month rents. See attached OM
| Potential to develop 109 units or more using Live Local Act |
| 29,000 SF of Land assembled in Little Havana on high traffic street |
| Between Health District (UM & Jackson Hospitals) & Brickell/Downtown Miami, FL |
| Conceptual plans prepared but not submitted by Modis Architects |
| Covered land play with rental houses/apartments generating $17,000/month in rents |
| Please see attached Offering Memorandum ("OM") for details |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Civic Center (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 3 min | - | 1.3 mi |
| Culmer (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 4 min | - | 1.5 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 20 min | - | 10.3 mi |
| Fort Lauderdale/Hollywood International | 34 min | - | 23.6 mi |
Brian Carter, MBA, CCIM
Douglas Elliman
Brian Carter, MBA, CCIM
Douglas Elliman
