342 NW 7th St - Commercial LAND FOR SALE


Miami, FL 33128 9,771 SF
$5,790,000 USD
305-582-2424
342 NW 7th St, Miami, FL for Sale
$5,790,000 USD
Commercial LAND - FOR SALE
1/9
9,771 SF

342 NW 7th St
Miami, FL 33128


HIGHLIGHTS

  • Develop 91 apartments & 1 retail by right
  • Proposed 51,170 SF buildable & 36,582 SF under A/C & 100% parking reduction via TOD & OZ benefits
  • Rents in similar new dev a few blocks west with 100% parking reduction is $4.62 to $4.81/SF/mo
  • Walking distance to Publix, Aldi, & Target; as well as 4 Metro Movers & Brightline station
  • Surrounded by 522,000 + residents, Over 380,000 + daytime employees, & 50,000 + businesses within a 5-mile radius
  • Please see attached Offering Memorandum ("OM") or email to request a copy

OVERVIEW

Vacant Land, Develop 91 Apartments & One (1) Retail Bay one block to Downtown Miami in Highland Park, the next area of continued development in Miami, Florida. Development by-right via submission under Live Local SB102 & 328 amendments, allowing for 100% parking reduction driving down your development costs. Located in Transit Oriented Development (“TOD”) and Opportunity Zoned (“OZ”) areas. The proposed development concept details 51,170 buildable SF, with average unit sizes of 402 SF, and an approximate 850 SF retail bay. The net leasable 36,582 SF of apartments are across the street from Block 55 offering Target, ALDI, as well as three (3) blocks to Publix, for all grocery needs. Rents in similar newly developed ‘Highland Park’ rental building with 100% parking reduction show rents at $4.64 to $4.81/SF/month. Surrounded by hot spots like Kaseya Center, Frost Museum, PAMM, E11even, & Club Space and fashionable dining options like Habibi | Moroccan, Kiki on the River, SeaSpice, Casablanca, Garcias on the River, as well as the offerings at the Riverside Wharf. Downtown Miami is one block away and is ‘the’ thriving and growing neighborhood developers are hot to develop within surrounded by 522,000 + residents, 380,000 + daytime employees, and more than 50,000 + businesses within a five-mile radius. Convenient direct access in and out of the area from I-95 entry/exits, Biscayne Blvd, the Port of Miami, as well as MacArthur Causeway access to the Beaches, Edgewater, & Brickell for the locals, tourists, and professionals interested in Downtown.

FOR SALE DETAILS

PRICE

$5,790,000 USD

PRICE/ACRE

$25,817,627/AC

PRICE/SF

$593 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Build 91 units & 1 Retail Downtown Miami

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.22 AC

LAND SF

9,769 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk

ZONING

T6-8-L

APN/PARCEL ID

01-0105-040-1010,01-0105-040-2010,01-0105-040-2020

ASK ABOUT THIS PROPERTY

Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

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Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

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