1660-1690 NW 19th Ter - Commercial LAND FOR SALE


Miami, FL 33125 21,780 SF
$4,390,000 USD
305-613-4507
1660-1690 NW 19th Ter, Miami, FL for Sale
$4,390,000 USD
Commercial LAND - FOR SALE
1/6
21,780 SF

1660-1690 NW 19th Ter
Miami, FL 33125


HIGHLIGHTS

  • Located in the second-largest health district in the U.S.
  • Located a few blocks away from River Landing, a luxurious mixed-use project comprised of 2 million square feet of retail and multifamily
  • Located in close proximity to the Metrorail and Metromover.
  • Immediate access to Downtown Miami and Brickell as well as many amenities
  • Proximity to I-95 and SR-836, the location has unmatched north-south and east-west accessibility

OVERVIEW

As exclusive listing broker, Colliers is pleased to present the opportunity to acquire 19 Allapattah District, a prime 0.5-acre (21,450 SF) development site a few blocks from the historic Miami River, located in the Miami Health District, the second largest medical district in the U.S. The location offers access to major highways and is in close proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, as well as LoanDepot Park and Miami International Airport. The Health District consists of numerous medical clinics and research facilities and is the hub for Miami’s medical research. The site consists of two adjacent parcels located at the corner of NW 19th Terrace and NW 17th Avenue. It is strategically situated a short walk from the Miami Metrorail station and River Landing, a luxurious mixed-use project comprising 2 million square feet of retail and multifamily space. Currently, the properties feature approximately 6,144 SF of vacant office space as week as a ±800 SF single-family home, providing the potential for an income stream during the entitlement process. The property is zoned T6-8-O, allowing for dense and flexible mixed-use development. The current zoning allows for the development of 150 units per acre (69 units) and an FLR of 7 with a 30% bonus, equating to a maximum developable area of roughly 200,000 SF. The site qualifies for Live Local, allowing for significantly more density and tax benefits than by right zoning

FOR SALE DETAILS

PRICE

$4,390,000 USD

PRICE/ACRE

$8,780,000/AC

PRICE/SF

$202 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

19 Allapattah District

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Office, Multi-Family, Apartment Units, Health Care, Hold for Development, Hold for Investment, Medical, Unknown

LAND ACRES

0.5 AC

LAND SF

21,780 SF

OFFSITE IMPROVEMENTS

-

ZONING

T6-8-O

APN/PARCEL ID

01-3135-005-2050,01-3135-005-2060

ASK ABOUT THIS PROPERTY

Virgilio FernandezColliersMore Info
305-613-4507

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Virgilio FernandezColliersMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.