13692-13898 NW 22nd Ave
Opa Locka, FL 33054
Infill Miami-Dade Development Site · Land For Sale · 2.01 AC

Mosaic Apartments is the planned development of 104 multifamily units on approximately 2.1+\- acres on the west side of NW 22nd Avenue just north of 135th Street in Opa-Locka, FL. NW 22nd Avenue is a very heavily trafficked north/south corridor in the City of Opa-Locka that extends as far south as Coconut Grove and north to the Florida Turnpike and the Miami-Dade/Broward county line almost continuously. The city of Opa-Locka is currently experiencing an influx of investment highlighted by the construction of an 855,000 SF Amazon fulfillment center on the eastside of Miami-Opa-Locka Executive Airport which is expected to create over 1,000 permanent jobs. The Amazon center is approximately 1.5 miles from the subject property. The Gratigny Expressway that connects to the Palmetto Expressway and I-95 are both less than 3 miles from the subject, making the location very central to prospective tenants of the eventual apartment building. The roughly 2 acre site currently has a complete set of plans that have been approved at the county and are ready for permit submittal at the city for a 4 story 104 unit apartment building with 100% surface parking, making the project cost efficient. The site has all required utilities to site, again contributing to its efficiency. The designed property is comprised of sixty four (64) six hundred and six (606) SF 1 bedroom 1 bathroom units and forty (40) eight hundred and thirty nine square foot (839) SF 2 bedroom 1 bathroom units. The project would have a total of 72,344 rentable SF and an average unit size of 696 SF. With the majority of the properties in the immediate area being almost fully occupied constantly, the absorption of the proposed Mosaic units is expected to be rapid. With virtually no new supply of affordable housing units added to the market within the last 5 years, the units at Mosaic should be very well received.