Description
Site Plan Approved mixed-use 45-unit life-style dev for short-or long-term rentals & 4,330 SF of retail. Proforma IRR over 30%. Buyer may submit the by-right plan change to increase to 50 micro-units post permit receipt and offer Short-term rentals. Income potential: (A) Leasable 20,000 SF +/- of residential units at $5/SF is $1.2 mm in gross annual rents. (B) At $40/SF NNN, the retail may generate $173,000 in NOI annually. Project Development valued at $21 mm +/- when built and leased up. Hot Little Havana Dev on SW 1st & 9th Ave, near Downtown & Calle Ocho. Central to Brickell, Gables, Grove & Hospital District/Wynwood. Purchase now w/ the Site Plan approval & 100% parking reduction exception approved.
Location
Similar Listings
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd April, 2023 12:04 PM (UTC)
Listing Office: Douglas Elliman
