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128 NE 17th St 0.57 Acres of Commercial Land Offered at $14,000,000 in Miami, FL 33132
INVESTMENT HIGHLIGHTS
- 2- Minute drive to Wynwood
- Ability to develop mixed-use including, residential, hotel, office, retail
- Qualified Opportunity Zone
- 5- Minute drive to Downtown
- Transit Oriented District
- Central Urban Core Location
EXECUTIVE SUMMARY
This 25,062 square foot covered land parcel is a transit-oriented development site within the core of Miami & the Miami Arts & Entertainment District. Currently, "Soccer Cage" is the tenant who utilizes a 1,000 square foot fixed structure with bathrooms and office. Other improvements include, synthetic turf field, Led lighting poles, graded land, fencing and other utility infrastructure that can be use for many other uses. The corner of 17th Street is walking distance to the Metro Rail Station and steps from Adrienne Arscht's Center, Biscayne Bay, Wynwood, and Miami World Center as well as steps from the School board metro rail
station. It also shares the same street as the recently developed Canvas Condominium
Tower, Melo's Miami Plaza which other projects currently under construction. The development potential of this site is enhanced by the
dimensions, street frontage, permitting up to 24-36 stories and up to 285 residential units.
Also, this exceptional site is located within a qualified opportunity zone.
The Arts & Entertainment district is
becoming known for a residential neighborhood that in the past had a presence of
warehouses and commercial uses. Also, it is within the same district where the Adrienne
Arsht center is which is one of the largest performing arts centers in the United States.
Some of Miami's major high rise development players have been developing here for
several years including the Melo Family, NR Investments, Clearline, and potentially Genting's
Resorts World Miami, Crescent Heights, J. Milton, Muerelo's, Ponte Health, whom all
have proposed plans for large scale developments.
There are several ways to increase zoning allowances and increase which would allow
for a larger development similar to the surrounding properties.
station. It also shares the same street as the recently developed Canvas Condominium
Tower, Melo's Miami Plaza which other projects currently under construction. The development potential of this site is enhanced by the
dimensions, street frontage, permitting up to 24-36 stories and up to 285 residential units.
Also, this exceptional site is located within a qualified opportunity zone.
The Arts & Entertainment district is
becoming known for a residential neighborhood that in the past had a presence of
warehouses and commercial uses. Also, it is within the same district where the Adrienne
Arsht center is which is one of the largest performing arts centers in the United States.
Some of Miami's major high rise development players have been developing here for
several years including the Melo Family, NR Investments, Clearline, and potentially Genting's
Resorts World Miami, Crescent Heights, J. Milton, Muerelo's, Ponte Health, whom all
have proposed plans for large scale developments.
There are several ways to increase zoning allowances and increase which would allow
for a larger development similar to the surrounding properties.
PROPERTY FACTS
| Price | $14,000,000 | Proposed Use | Commercial |
| Sale Type | Investment | Total Lot Size | 0.57 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | T6-24a-O - Urban Core Zone, Maximum Building Height of 24 Stories, Subcategory, Open Category | ||
| Price | $14,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.57 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | T6-24a-O - Urban Core Zone, Maximum Building Height of 24 Stories, Subcategory, Open Category |
1 LOT AVAILABLE
Lot
| Price | $14,000,000 | Lot Size | 0.57 AC |
| Price Per AC | $24,561,403.51 |
| Price | $14,000,000 |
| Price Per AC | $24,561,403.51 |
| Lot Size | 0.57 AC |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 01-3136-005-0410 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,881,298 |
PROPERTY TAXES
Parcel Number
01-3136-005-0410
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,881,298
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128 NE 17th St
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