Braddocks Sub No 3

Highlights:

• Lot Features: City Location, Corner Lot, Less Than 1 Acre, Regular Lot
• Building Features: Build To Suit

Description:

Miami (Allapattah) Live Local Act Land Sale — Multi-Family Eligible up to 29 Floors

Corner lot: ~117 feet along NW 17 Ave x ~371 feet along NW 22 Street

ENTITLEMENTS: Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone

INVESTMENT HIGHLIGHTS
• Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height)
• Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions
• Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown
• Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs
• Additional Upside: Potential easement along north boundary
• Possible acquisition of adjacent City-owned parcel
• Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion)

DEVELOPMENT POTENTIAL
Estimated Optimum Live Local Act Building Specs
• 22 stories total · 420 units · 4 floors parking · 18 floors residential

Approximate Unit Breakdown:
• Studio / 1 bath: 105 units · 500 SF · $2,020
• 1BR / 1 bath: 168 units · 700 SF · $2,434
• 2BR / 2 bath: 105 units · 950 SF · $2,650
• 3BR / 2 bath: 42 units · 1,100 SF · $3,000
Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/year

DISCLAIMER
All figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.

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Listing ID: A11923712