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- LoopNet Team
3700 NW 167th St
Miami Gardens, FL 33054
Palmetto Expressway Development Site · Land For Sale
·
1.32 AC
Investment Highlights
- The Property could potentially host an impressive 10-story structure with up to ±132 multifamily units and office and retail components.
- The Property has a zoning classification of PCD (Planned Corridor Development), which incentivizes mixed-use projects including residential/retail
- Strong proximity to St. Thomas University, which has a current enrollment of 10,000+ students in its graduate and undergraduate programs.
Property Facts
Description
By-right FAR of 0.5 and density of 16 du/ac, with generous bonuses for sustainable construction, providing market-rate units, and conforming to architectural guidelines. These bonuses can enhance building height, density and FAR, reduce setbacks and provide for an expedited permitting process. With full incentivization, the Property could earn a maximum height of 10 stories, density of 100du/ac, and FAR of 2.5, allowing a developer to construct an impressive mixed-use building consisting of ±132 apartment units in addition to retail and office space.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $442,013 |
Property Taxes
