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- LoopNet Team
10-38 SW 8th St
Miami, FL 33130
Brickell Central Development Site · Land For Sale
·
0.78 AC
INVESTMENT HIGHLIGHTS
- 34,188 SF Lot (0.78 acres)
- 392 Allowable Residential Units
- 923,076 Developable SF with Available Bonuses
- 14,077 Gross SF Existing Building
- 784 Allowable Hotel Units
- 960 Feet Maximum Building Height according to FAA Guidelines
PROPERTY FACTS
DESCRIPTION
Colliers, as exclusive listing brokers, is pleased to present the opportunity to acquire the Brickell Central Development Site, in the heart of the Brickell Financial District. The property is strategically located on the main and main corner of S Miami Avenue and SW 8th Street at 10-38 SW 8th Street, Miami, Fl 33130. The Brickell Central Development Site consists of one 34,188 SF (0.78 acre) parcel with an existing 14,077 gross SF fully leased retail center. The existing building is leased to 9 tenants, including Burger King and La Sandwicherie, providing substantial in-place income with the immediate opportunity of redevelopment into a high-density, mixed-use development. All the leases have a termination clause with 6 months notice in the event of re-development. The Brickell Central Development Site is zoned T6-48B, which allows a developer to build up to 27 times the property land square footage or a maximum FLR of 923,076 SF, 392 residential units and 80 stories (including bonuses). The property is located within the Brickell density overlay, allowing for an increased maximum density of 500 units per acre. The property is the last remaining undeveloped property at the intersection of S Miami Avenue and SW 8th Street, which includes Brickell City Center to the North, Solitair Brickell to the West and SLS Lux to the East, and is an ideal candidate for a high-density, mixed-use development. The FAA has given clearance for the future development to rise 960 feet above mean sea level, potentially making the future tower on the site the tallest tower in Brickell overtaking Panorama tower by almost 100 feet. Brickell is undergoing a significant surge in demand for boutique development sites to build mixed-use towers as the city sees increased population growth from other states. Brickell is undergoing a significant surge in demand for boutique development sites to build mixed-use towers as the city sees increased population growth from other states.
PROPERTY TAXES
| Parcel Number | 01-0205-060-1010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $14,010,036 |
PROPERTY TAXES
