Little River 81

Highlights:

• PROPERTY HIGHLIGHTS:
• Little River submarket
• Directly on state road 934
• Plan approved for 40 units
• Live Local 124 units
• LOCATION HIGHLIGHTS:
• 0.50 acres directly on NW 81 street
• Blocks from NW 7th Ave & I-95
• Folios: 30-3111-006-0030,
• 30-3111-006-0040, & 30-3111-006-0050

Description:

RE/MAX 360 proudly presents a prime redevelopment opportunity in the exciting West Little River area: "LITTLE RIVER 81"'

The lots benefit from favorable UC-MM 6164 - UC CENTER - MAIN STREET (MM) 12 MAX HT, which prompted the current owner to design a 40-unit, five-story residential project. However, more units are feasible with today's implementation of SB 102 The Live Local Act.

The submarket: The Miami Gardens/Opa-Locka submarket runs North from the City of Miami Gardens through the neighborhood of Allapattah to the South, while bordering I-95 on its Eastern Edge. The submarket is home to the Hard Rock Stadium which hosts the Miami Dolphins, Orange Bowl, Miami Open, and the Miami Grand Prix for Formula One. Additionally, the submarket is only around 15 miles away from the retail and entertainment amenities of Downtown Miami, the office hub of Brickell, and around 17 miles from Miami Beach. Despite weakening near-term fundamentals, Miami Gardens/Opa-Locka remains a relatively affordable area for renters. A boom in construction has concentrated in the Allapattah neighborhood to the South, as this lies just West of the popular Wynwood neighborhood and is developing its own arts and culture attractions.

The lots benefit from favorable UC-MM 6164 - UC CENTER - MAIN STREET (MM) 12 MAX HT, which prompted the current owner to design a 40-unit, five-story residential project. However, more units are feasible with today's implementation of SB 102 The Live Local Act.

This offering consists of three contiguous lots on NW 81st Street, totaling approximately 0.50 acres or around 21,756 square feet. The lots abut NW 81st directly to their North border. This promoted the potential for ground-floor retail as a possible benefit to its residential vertical residential development.