Description
Site Plan Approved mixed-use 45-unit life-style dev for short-or long-term rentals & 4,330 SF of retail. Proforma IRR over 30%. Buyer may submit the by-right plan change to increase to 50 micro-units post permit receipt and offer Short-term rentals. Income potential: (A) Leasable 20,000 SF +/- of residential units at $5/SF is $1.2 mm in gross annual rents. (B) At $40/SF NNN, the retail may generate $173,000 in NOI annually. Project Development valued at $21 mm +/- when built and leased up. Hot Little Havana Dev on SW 1st & 9th Ave, near Downtown & Calle Ocho. Central to Brickell, Gables, Grove & Hospital District/Wynwood. Purchase now w/ the Site Plan approval & 100% parking reduction exception approved.
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0BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Site Plan Approved mixed-use 45-unit life-style dev for short-or long-term rentals & 4,330 SF of retail. Proforma IRR over 30%. Buyer may submit the by-right plan change to increase to 50 micro-units post permit receipt and offer Short-term rentals. Income potential: (A) Leasable 20,000 SF +/- of residential units at $5/SF is $1.2 mm in gross annual rents. (B) At $40/SF NNN, the retail may generate $173,000 in NOI annually. Project Development valued at $21 mm +/- when built and leased up. Hot Little Havana Dev on SW 1st & 9th Ave, near Downtown & Calle Ocho. Central to Brickell, Gables, Grove & Hospital District/Wynwood. Purchase now w/ the Site Plan approval & 100% parking reduction exception approved.
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