17501 SW 99th Rd Palmetto Bay, FL 33157

Sold

17501 SW 99th Rd

17501 SW 99th Rd Palmetto Bay, FL 33157 17501 SW 99 Road

City:Palmetto Bay

Property Status: Sold

Miguel Pinto miguel@apexcapitalrealty.com

Price $3,000,000

Description Industrial-Cold Storage warehouse located in the Perrine Industrial District in Palmetto Bay. This property is located within the federally designated
opportunity zone. Currently leased to Tracy Bakery for 3 years. The property is near US 1 and offers easy access to major thoroughfares. The property is
also located within the West Perrine CRA boundaries.

ZONING ANALYSIS
• Land Use: ID – Industrial District – In all floors and all sub districts:
IU-1 Uses; live/work units subject to permitted uses
• Street Types Plan Location: Service Road Frontage – Center Sub District
• Density Allowed: 36 Units / Acre
• Building Height: 2 Floors Min, 4 Floors Max
• Street Dedication: Fronting an Existing B Street
• Maximum Setback Depending on Use: 0 Feet
• Depending on the use you can build up to 84,000 SF per story
• Incentives Available for Site:
• New Market Tax Credit: https://fclf.org/new-markets-tax-credit-strategies
• Federal Opportunity Zone
• Located Within the West Perrine CRA Boundaries* *Commercial Redevelopment Grants ($300,000) On June 7, 2011, the Agency adopted Resolution CRA-2-11 creating the Commercial Rehabilitation Program. The program provides funding for upgrades to existing structures or commercial property in the Area. In order to be eligible, a building would need to have commercial space on the ground floor with street frontage and direct pedestrian access from the street. Buildings with pending code violations would only be eligible if the work being funded corrects the violation. Eligible work includes but is not limited to, painting, roof repair, lighting, signage, 4 landscaping, sewer hook-ups or any improvements required by the Americans with Disabilities Act.

USES ALLOWED
• Industrial uses. Notwithstanding the provisions of Section 33-284.83 (A)(4), only the following uses shall be
permitted in the Industrial District (ID) area. These uses shall be allowed in conformance with the Land Use
Regulating Plan and the Street Type Development Parameters.
• All uses permitted in the IU-1 zoning district.
• All uses permitted in the IU-2 zoning district after public hearing pursuant to section 33-311(A)(3) of this Code.
• All uses permitted in the Mixed-Use Corridor (MC) on lots located north of SW 184 Street and east of the Busway.
• All uses permitted in the Mixed Use Optional (MO) on lots located north of SW 184 Street and west of the Busway.

Lot & Building Size Breakdown:

Building Size: 18,284 SF

Lot Size: 84,138 SF | 1.93 Acres