200 Units Little Havana | Development Land

Highlights:

• Zoning: T6-8-O
• Under Live Local Act 201 Units can be developed
• Zoned as of right for: 77 Units
• FLR by Right: 112,500 SF (5)
• Height by right: 8 stories + mezzanine
• Under new code development potential: 154 Affordable Housing Units (Plans presented and advanced with city for 148 Affordable housing previously)
• FLR by 3.14+ Public Benefit: (7.5): 168,750 SF
• Height: 12 stories
• Income in place: $84,036 annually
• All NNN leases in place, on a month to month basis.

Description:

FA Commercial is pleased to exclusively present this opportunity, a development site that can accommodate 77 units, situated in a prominent connection hub with established retail. In today's world, where people are increasingly seeking urban areas that offer convenient access to employment and entertainment, this well-connected location holds great significance. Moreover, this site is prominently located near renowned magnet schools, further enhancing its appeal. With Miami's growing population and rising rents, investing in this property offers a secure and lucrative opportunity that is resistant to inflation.

Little Havana Is a booming neighborhood located in the heart of Miami. It is home to delicious restaurants such as Versailles, trendy bars like Casa Florida, and outstanding dessert venues like Azucar. It is currently attracting a diverse number of startups, new retail, trendy restaurants, bars, galleries, recreational activities and others. Neighborhood has been on a steady rent growth over the past few years, many new developments have added value to this enchanting neighborhood, making it one of the most visited areas in Miami. "Calle 8" is famous for its concentration of immigrants, it has quickly become a must stop for tourists in Miami, seeking great nightlife and a multicultural experience in iconic places such as Ball & Chain, a favorite area among locals too.

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