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2735 NW 54th St

$595,000

Description

APEX Capital Realty is pleased to present the opportunity to acquire a multi-tenant retail building which sits adjacent to a signaled intersection at the highly trafficked NW 27th Avenue transit corridor. Located within a Qualified Opportunity Zone & blocks from the Brownsville METRORail Station, this property provides unique benefits for value-add in the short-term and land value in the long-term per proximity to public transit.

Property Summary

  • Lot Size: 9,675 Sq. Ft. (0.22 acres)
  • Building Size: 4,120 Sq. Ft.
  • Available SF: approx. 2,690 SF
  • Zoning: UC-MC (UC-Center Mixed-Use Corridor)
  • Max. Height: 12 stories
  • Density: 90 units per acre (19.8 on this site)
  • Lot Dimensions: 75′ x 129′ approx.
  • Parking: 10 spaces
  • ASKING PRICE: $595,000

FOR LEASE

  • Available Area: Approx. 2,690 SF
  • Existing Use: Market / Deli
  • Asking Price: $3,500/mo

Property Highlights

  • Contains two separate retail spaces both with full kitchens, the larger of the two was previously a convenience store/deli and is currently available for lease.
  • Located within a Qualified Opportunity Zone, just off NW 27th Ave in what is technically the Brownsville neighborhood, the property sits at the borders of the Westgate & Model City neighborhoods, and just to the north of Allapattah.
  • Situated along the Strategic Miami Area Rapid Transit (SMART) Corridor and only 2 blocks from the Brownsville METRORail Station to the south, and 9 blocks from the Dr. Martin Luther King Jr. Plaza METRORail Station to the north.
  • This site provides unique benefits toward a “Transit-Oriented Development” in the future with its height and density bonuses which are 12 stories instead of 6, and 90 units per acre instead of 60. Also allows for a 50% reduction in required parking.
  • This property can be sold to an owner-user looking to occupy the remaining square footage and benefit from the income from the second tenant, or an investor looking for a value-add or future development opportunity to maximize on the continuing growth of the surrounding area over time.

Property Documents

Address

  • City: Miami
  • State/county: Florida
  • Neighborhood: Allapattah, Brownsville
  • Country: United States

Detail

Updated on December 15, 2020 at 9:38 am

  • Price: $595,000
  • Property Size: 4120
  • Land Area: 9675
  • Property Type: Mix-Use, Retail
  • Property Status: For Sale

Contact info

Jamie Rose Maniscalco
Jamie Rose Maniscalco

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