16401 NW 37th Ave
Opa Locka, FL 33054
St. Thomas University Land · Land For Sale · 28.00 AC

Measuring ±28 acres of land, the offering will award the investor with the opportunity to strategize and develop a new project with immediate frontage to, and excellent visibility from, the Palmetto Expressway which boasts a daily traffic count of over 155,000 vehicles per day. Strategic location on NW 37th Avenue also offers easy access to major highways including I-95, State Road 7, the Palmetto Expressway and Florida’s Turnpike via the Golden Glades Interchange. The offering presents a rare opportunity to acquire a substantial amount of land, without the burden of significant improvements, along a major thoroughfare in South Florida. The FDOT is developing an expansion of the Palmetto Expressway consisting of widening SR-826, improving the on and off ramps, enhancing traffic signals, new signage and lighting and adding noise walls. The estimated $627 Million project is scheduled to begin in 2022 and be completed by 2031 Surrounding residential neighborhood provides a direct customer base for any potential redevelopment. Centrally located on the edge of Miami-Dade County and within close proximity to Broward County, the Property benefits as a prime logistics location for potential industrial/distribution developments. St. Thomas University will remain the neighbor to the south of the property for the foreseeable future, acting as a buffer for the investor from any immediate competitors.