Development Site in West Little Havana 3 Multifamily Properties Offered at $4,950,000 in Miami, FL

Exceptional assemblage of 22,500 SF on three contiguous properties in West Little Havana w/ T5-O zoning behind the SW 17 AV corridor. The site is best served by being entitled through a Live-Local/SB102 and 136 process. Applied to this lot, SB102 would allow well over 300 buildable units and up to 24 stories of height or 48 with bonuses, with no FLR restrictions. On one is an"Old Spanish", twelve unit apartment building on a 7,500 SF lot. Apartments are 12: one Bedroom, one bath with identical floor plans. The other two parcels on 15,000 sf are from1954, 5-unit buildings of 1 bed 1 bath. Within five minutes of Brickell and Downtown. Miami's nationally recognized Little Havana neighborhood is known for its culturally-rich and colorful lifestyle. Its location along Little Havana’s Main Street Corridor and Tourist Central of Calle Ocho/SW 7 st sets it apart. The strip attracts over 3 million tourists a year, aside from the flood of local Miamian’s who now call Calle Ocho their preferred nighttime hangout. The Property is located near the most exciting block in Little Havana, which includes Ball & Chain, Union Beer Store, El Santo Taqueria, Tower Theater, Azucar Ice
Cream, and much more, an area where retail rents are approaching $60psf. All this means an abundance of local clientele and open pocketbooks for whatever business establishes itself at this site. 17 AV fronting the property is also the main exit route from Brickell, and provides quick access to coral gables, airport, and more; with a dedicated high-frequency transit route, for excellent mobility to/from the site. Little Havana is centric to all the major employment centers of our city, with great connectivity to them, and a booming development movement which is rapidly adding higher-income rooftops to the area.