Development opportunity in Allapattah

$4,300,000
For sale

6371

Property ID

9,479 SqFt

Size

Description

Development opportunity of four (4) parcels all zoned T6-8-O totaling 30,866 Sq. Ft. in Allapattah a great up a coming neighborhood.

The Alvarez portfolio first parcel is a 6,708 Sq. Ft. lot that is the parking lot to Riviera Super Market.

The second parcel is 9,400 Sq. Ft. lot in which the market is on. The third parcel is 2,679 Sq. Ft. which also serves as side parking for the facility.

The last parcel is 12,079 Sq. Ft. and this serves as extra parking and has a small building that is currently vacant (in the past this 1,391 Sq. Ft. building was occupied by a Botanical Business).

This is an ideal opportunity for a Retailer or Office operator to develop in a rapidly evolving market – or possibly a Mixed-Use Developer, seeking to take advantage of both Retail and Office operators

For More Development Opportunities Options

Address

Address: 1710 NW 17th Avenue, Miami, FL
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 6371
  • Price $4,300,000
  • Property Type Development opportunities
  • Property status For sale
  • Year Built 1951
  • Size 9,479 SqFt
  • Zoning T6 8-O
  • Lot Area 30,866 sqft
  • Price Per Sqft $453.60
  • Development Type Retail
  • NOI $95,436
  • Pro Forma Cap Rate 5.19%
  • Occupancy 100%
  • Number of Parcels 4
  • NumberOfBuildings 2

Contact

Cynthia Hill

Property Agent
+1 305-967-7200
chsellsflorida@gmail.com
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