Property Facts
Annual Gross Income (Market Rate)
$98,595
NOI
$47,009
Price
$1.800.000
Lot Size
13,000
Building Area SQFT
2,191
Zoning
T6-8-0
Maximum Residential Units
45
Maximum Buildable Area
65,000 SF
Opportunity Zone
Yes
Little River Covered Land Play Zoned T6-8-O

Income producing convenience store with 27,500 Average Daily Trips and less than 1⁄3 of a mile from I-95, within an Opportunity Zone.

This strategic property totals 13,000 net square feet of well-located commercial land with high-density development rights.

A convenience store, with a kitchen, operates in the 2,191 sq ft building. Ceiling height is 12.5 feet.

The parcel sits within a prized area with zoning designation T6-8-0 which allows for development of up to 8 stories and 150 residential units/acre, or 45 total units by right.

Maximum buildable area totals 65,000 sq ft.

The site can accommodate 2,000 sq. ft. of retail space on the ground floor, as well as the 62 required parking spaces within a 2-level parking structure.

Walking distance to dozens of restaurants (Citadel and Ebb & Flow)

Walking distance to proposed Brightline Station

Easy access to I-95 and Miami Beach

6-miles from downtown Miami

Little River Covered Land Play Zoned T6-8-O

Zoning Analysis

• At 150 du/ac, the assemblage’s 13,000 SF yield a total apartment unit count of 45

• “Future Transit Shed” likely allowing reduction of parking requirement minimums by 30%

Available Bonuses & Waivers

• Affordable Housing/Workforce Density Bonus • 10% Parking Reductions (Residential)
• 10% Lot Coverage

 

Map
Contact Brokers
Matthew Martinez
Principal