Build 92 Units | Vacant Land | Downtown Miami

Highlights:

• Build 91 apartments of 408 SF & 1 retail
• Confirmed area rental rates at $4.60 to $4.82/SF for profitable development
• Sell for $32 mm when built for $8 to $9 mm in profit
• Highland Park Development next to Downtown Miami Developments
• Join other developments by Black Salmon, Allen Morris, Mas Dev, Terra Dev & Atlantic Pacific
• Within blocks of Publix, Starbucks, Aldi, CVS & Brightline/Metro Mover Station Downtown Miami

Description:

Seller Financing Available for Miami, FL development site, Vacant Land, Develop 91 Apts & One Retail Bay one to three blocks to Publix, Target, Aldi, Starbucks & many quick service eateries in Downtown Miami. Develop by-right via Live Local Act allowing for 100% parking reduction. Site In a Transit Oriented Development (“TOD”) & Opportunity Zoned (“OZ”). Near hot spots Kaseya Center, Frost Museum, PAMM, E11even, Club Space as well as dining at Habibi | Moroccan, SeaSpice, Casablanca, Kiki’s & Garcias on the River, & the future Riverside Wharf. Seller open to negotiating a seller’s note for 50% of purchase price at 6.5% simple annual interest paid monthly for the sooner of 24 months or pay-off at construction loan.