2201 NW 17th Ave - Commercial LAND FOR SALE


Miami, FL 33142- Allapattah39,640 SF
$18,750,000 USD
305-401-6224
2201 NW 17th Ave, Miami, FL for Sale
$18,750,000 USD
Commercial LAND - FOR SALE
1/7
39,640 SF

2201 NW 17th Ave
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • ENTITLEMENT STACK — Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone

OVERVIEW

ENTITLEMENT STACK: Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone INVESTMENT HIGHLIGHTS • Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height) • Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions • Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown • Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs • Additional Upside: Potential easement along north boundary · Possible acquisition of adjacent City-owned parcel • Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion) DEVELOPMENT POTENTIAL Estimated Optimum Live Local Act Building Specs • 22 stories total · 420 units · 4 floors parking · 18 floors residential Approximate Unit Breakdown: • Studio / 1 bath: 105 units · 500 SF · $2,020 • 1BR / 1 bath: 168 units · 700 SF · $2,434 • 2BR / 2 bath: 105 units · 950 SF · $2,650 • 3BR / 2 bath: 42 units · 1,100 SF · $3,000 Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/year DISCLAIMER All figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.

FOR SALE DETAILS

PRICE

$18,750,000 USD

PRICE/ACRE

$20,604,188/AC

PRICE/SF

$473 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Live Local Act Allapattah Redevelopment Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.91 AC

LAND SF

39,640 SF

OFFSITE IMPROVEMENTS

-

ZONING

I, Miami

APN/PARCEL ID

01-3126-045-0200

ASK ABOUT THIS PROPERTY

Victor AntunezeXp RealtyMore Info
305-401-6224

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Victor AntunezeXp RealtyMore Info
305-401-6224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.