2.5 Acre Development Site in Allapattah

Highlights:

• • Rare 2.5-acre site in Miami’s emerging Allapattah neighborhood
• • Live Local Act provides for approx 1,012 buildable units on the subject property
• • Critical Urban Infill
• • Opportunity Zone
• • Within the SEOPW CRA
• • 100' from UHealth/Converge Miami Life Science Building
• • Wynwood adjacent
• • UM/Jackson Health District adjacent
• • 1/2 mile to Santa Clara Metrorail station
• • 7 minutes to Downtown Brightline Station
• • Directly served by the Metrobus 77 & 20 routes, providing no-transfer routes to the Government Center Metrorail, Metro Mover, Miami International Airport and South Beach respectively.

Description:

Central Commercial Real Estate is pleased to offer the opportunity to acquire a unique 2.5-acre covered-land site at the gateway to both Wynwood and the UM/Jackson Health District. The assemblage presents an ideal location for a Live Local Act development allowing for approximately 1,012 buildable units.

Consisting of 110,000 contiguous SF, 124,495 SF in total across 17 parcels, the site is situated on a hard corner with frontage on two primary thoroughfares. Further benefits include Opportunity Zone and served by the Southeast Overtown/Park West CRA.

The Live Local Act provides unprecedented development benefits, a density of 1,000 dwelling units per acre and 36 floors on this site. The in-place D2 light industrial zoning allows for a non-residential 8 floor building by right with 90% lot coverage. The 4 existing warehouses, covering roughly 40,000 SF, present a developer with interim income potential as a valuable low-coverage last-mile facility.

Located at the intersection of NW 7th Ave (SR 441) and 20th Street. 100' from both the UHealth/Converge Miami Life Science Building and Lindsey Hopkins Technical College.

Strategically located in eastern Allapattah. Adjacent to both Wynwood & UM/Jackson Health District.

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