Seller/Vendor Finance: Miami Commercial Development Land - Developed Land, Real Estate - Miami, Florida, United States

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Seller/Vendor Finance: Miami Commercial Development Land
Date & Time Listed: 2018-02-17 17:02:47 (GMT)

Posted in Categories: Real Estate, Developed Land
Posted From: United States, Florida, Miami

Ad Details:

Address: 6943-6955 NW 15th Avenue, Miami, Florida
NO MORTGATE REQUIRED
VENDOR FINANCE
NO DEPOSIT REQUIRED
Property Purchase Price: $275,000.00
Monthly instalment: $2291.67 payable to the owner every month
Payment Term: 120 months
A broker fee is payable upfront along with your legal fees
Description:
The property benefits from the immediate proximity to the Liberty Square Redevelopment, which is transforming this neighbourhood into one of the most prominent shopping districts in Miami.
The property allows for the development of multi-family, retail, office, or mixed use projects. You can build up to 22,500 SF and between 3 - 5 stories high, and comes with impact fee credits to reduce the cost of development.
Currebtly it is a vacant land of 12,500 SF. Opportunity to develop up to 22,500 SF of rental mixed use retail and residential within 3 stories. Zoning T4-O allows 36 du/ac in residential, office or retail uses. Seller envisions a project of 19,400 SF of 10 2 & 3 bed Section-8 rental units and 5,000 SF of ground floor retail with 14 on-site parking as well as ample street parking.
Seller has development summary showing dev costs of $2.47 mm +/- and a proforma stabilized NOI of $212,000 +/-.
The subject property is a few blocks north of Liberty Square at 6943 NW 15th Ave on NW 15th Ave and 69th Street. Offering is put forth as is with renderings and concept. No development plans have been submitted.
29 mins drive and 11.9 miles from Miami International Airport
31 mins drive and 20.5 miles from Fort Lauderdale–Hollywood International
Total Land Size: 12,500 SF
Zoning: T4-O
Development SF: 22,500 SF
Max Density: 36 du/ac
Keywords:

Vendor Finance, Miami, Land, Development
For more details about this listing please click here to access the webpage provided by listing owner.

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Posted in Categories: Real Estate, Developed Land Posted From: United States, Florida, Miami

Posted in Categories: Real Estate, Developed Land
Posted From: United States, Florida, Miami