2629 NW 17th Ave - Apartments FOR SALE


Miami, FL 33142
$10,000,000 USD
305-340-8901
2629 NW 17th Ave, Miami, FL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/59
null | Request Cap Rate

2629 NW 17th Ave
Miami, FL 33142


HIGHLIGHTS

  • Covered Land play for high density mixed-use development for workforce housing
  • Eligible under SB102/Live Local for workforce housing, grants and much more

OVERVIEW

Extraordinary investment opportunity in the heart of Allapattah along the 17 AVE retail corridor, boasting an exceptional 1970s CBS construction that is hurricane proof. The site This 34-unit apartment building, situated on 34,318 SF lot zoned T6-8-O w/parking space is prime for developers. This high density zoning of 150 du/acre, fantastic frontage of three streets allows for great circulation of ingress/egress, it is further enhanced with SB120/Live Local, height is limited only by FAA, density could be potentially over 300 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope.Each apartment features a well- designed floor plan with one bedroom and one bath, providing consistency and ease of management. Across the street from Juan Duarte Pablo Park and its fields, it is also centric to other amenities and locales. On its West is the Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park scheduled to open in May 2025. This is a year-round destination spot. The recreational project will be the largest new park in Miami, soccer and youth athletic fields for the community, a full range of entertainment and commercial offerings including office space, hotel, shops, restaurants and additional experiences and attractions for residents just minutes West of the site. Further, its located near the bustling Miami Intl Airport, Wynwood, Design District, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

34

PRICE/UNIT

$294,118

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,317 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3126-020-0620

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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