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116 S Miami Ave - Downtown Miami Development Site - Messina 0.1 Acres of Commercial Land Offered at $3,000,000 in Miami, FL 33130

Commercial Land Parcels Florida Miami 116 S Miami Ave, Miami, FL 33130

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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

EXECUTIVE SUMMARY

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.
Also, assemble for an additional $3.5 mm adjacent property 122 S. Miami Ave. Check out the full assemblage of up to 180 units under Live Local and the assemblage of 116 & 122 S Miami Ave: https://online.fliphtml5.com/yicis/laik/

ATTACHMENTS

Comp Summary and Valuation
V-1 Survey
OM Dev Site 116-122 S Miami Ave

PROPERTY FACTS

Price $3,000,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Sale Conditions
1031 Exchange
  • Redevelopment Project
 Total Lot Size 0.10 AC
No. Lots 1 No. Stories 1
Property Type Land
Zoning T6-80-O - T6-80-O & TOD and use with Live Local Act/SB-102~ https://online.fliphtml5.com/yicis/laik/
Price $3,000,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 0.10 AC
No. Stories 1
Zoning T6-80-O - T6-80-O & TOD and use with Live Local Act/SB-102~ https://online.fliphtml5.com/yicis/laik/

1 LOT AVAILABLE

Lot 1

Price $3,000,000 Lot Size 0.10 AC
Price Per AC $29,039,939.60
Price $3,000,000
Price Per AC $29,039,939.60
Lot Size 0.10 AC

Potential proforma 6% cap rate once leased. Covered land play until you develop. 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. See attached comps.

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.

LINKS

1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01-0112-040-1030 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,555,836

PROPERTY TAXES

Parcel Number
01-0112-040-1030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,555,836
(305) 582-2424

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 34207296

  • Date on Market: 12/15/2024

  • Last Updated:

  • Address: 116 S Miami Ave, Miami, FL 33130

More public record information on 116 S Miami Ave, Miami, FL 33130

The City Center Miami Land Property at 116 S Miami Ave, Miami, FL 33130 is currently available. Contact Douglas Elliman for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
116 S Miami Ave, Miami, FL for sale Building Photo- Image 1 of 7
Easy access to I-95 ramp
116 S Miami Ave, Miami, FL for sale Building Photo- Image 2 of 7
Steps to two metro stops - TOD site
116 S Miami Ave, Miami, FL for sale Primary Photo- Image 3 of 7
Across the S. Miami Bridge to Brickell City Center
116 S Miami Ave, Miami, FL for sale Building Photo- Image 4 of 7
Abutts Moshe Mana's buildings on the north. Assemble with 122 S. Miami Ave for $3.5 mm on the south
116 S Miami Ave, Miami, FL for sale Building Photo- Image 5 of 7
Across from major development sites in Downtown Miami
116 S Miami Ave, Miami, FL for sale Building Photo- Image 6 of 7
Walking Distance to Publix, Aldi & Whole Foods
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116 S Miami Ave - Downtown Miami Development Site - Messina
(305) 582-2424 x

116 S Miami Ave - Downtown Miami Development Site - Messina

Brian Carter, MBA, CCIM
(305) 582-2424

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