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- LoopNet Team
116 S Miami Ave
Miami, FL 33130
Downtown Miami Development Site - Messina · Land For Sale
·
0.10 AC
INVESTMENT HIGHLIGHTS
- Near 2 metro stations | Transit Oriented Development Site “TOD” & Live Local Act Potential
- On S. Miami Ave with direct access over the Bridge to Brickell City Center
- Walking distance to Publix, Aldi & Wholefoods
- Existing stand alone retail building with potential proforma 6% Cap Rate when leased up.
- Build up to 180 units asking $7.499 mm for the assemblage of 116 & 122 S Miami Ave properties
PROPERTY FACTS
DESCRIPTION
Stand Alone Retail building in heart of downtown Miami, FL. Investor potential for proforma 6% cap rate once leased or new owner. Owner to vacate upon sale. The bonus is this may be a potential Downtown Miami Development Site. Potential to build up to 102 units as in a Transit Oriented Development (“TOD”) area by way of a Live Local/SB-102 Act submission. Zoned T6-80-O. Located close to the major new Luxury Developments, Flagler Street Pedestrian Promenade & a block to the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, or Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Daily shopping options: Whole Foods, Publix & Aldi. Site set amongst tourist destinations, office buildings, dining/nightlife spots, & attractions.
PROPERTY TAXES
| Parcel Number | 01-0112-040-1030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,555,836 |
PROPERTY TAXES
