RARE BRICKELL SITE AVAILABLE
We are pleased to present an opportunity to purchase one of the last groups of parcels left in Brickell today.
The prospective buyer will have the option to purchase 22,500 SF, 30,000 SF or 43,500 SF of assembled land in Brickell.
There is an option to purchase the first three or four lots or continue to the end of the street.
The ideal buyer is a developer who is ready to make their stand in Brickell (or maybe even another one).
- The developer will take advantage of the Miami 21 Zoning Code adopted in 2010.
Along with all its benefits which are available to these parcels due to their location.
An example of one of these perks is that the lots belong in the Little Havana Residential Density Increase Area.
Which increases the current density from 150 units per acre to 200 units per acre.
The current zoning is T6-24A-O where the O stands for Open use as opposed to R which is a Restricted use.
In addition, a confirmation was given by The City of Miami Planning & Zoning Department explaining how easily the zoning (density) can be transferred from a T6-24A-O to T6-24B-O.
The O zoning allows mixed use and/or mixed income residential and commercials properties to be developed at the sites. These include, hotel, condominium, office, apartments (affordable and market rate), urban (shared), micro, and retail with multiple uses allowed in one building.
There are many other benefits available by discussion and on a case by case basis.
- Additional benefits you can use due to the flexible zoning available to the site are reduced parking requirements.
Which will increase sellable or rentable square feet.
Since these properties lie within a Transit Oriented District (TOD) area and within a Transit Corridor.
The parking ratio may be reduced by up to thirty percent (30%) by process of Waiver.
By up to fifty percent (50%) by process of Waiver and payment into a transit enhancement Trust Fund.
As established by Chapter 35 of the City Code.
Or by one hundred percent (100%) for any Structure with a Floor Area of ten thousand (10,000) square feet or less.
Other incentives offered are the application of Public Benefits, Transfer of Development Rights (TDR) and Transfer of Development Density (TDD) programs.
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 4238
- Price Price on call
- Property Type Hotel
- Property status For sale
- Zoning T6-24
- Lot Area (sq ft)43,560 - 45,000
- Investment Type Redevelopment
- Investment Sub Type Residential, Commercial
- Size (SqFt) 43,560 - 45,000
- Pro-Forma NOI $15,013,000
- Broker Co-Op Yes