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1598 NE 1st Ave - Development Site Opportunity - A&E District 0.77 Acres of Commercial Land Offered at $30,562,273 CAD in Miami, FL 33132

INVESTMENT HIGHLIGHTS
- Entire Half Block development site creating views on 3 sides and a more efficient design.
- Close to the Miami World Center master-planned development
- Unique Miami Arts and Entertainment destination
- 3 blocks from the Genting Group, largest waterfront available site in Miami, where a signature project will come in the next years
EXECUTIVE SUMMARY
Fortune Christies International Realty is pleased to present a unique opportunity to acquire entire half block development site in the A&E District. The corner lot of 37,275 SF is located at 1553 NE Miami Pl- 1558 NE 1st Ave. The property has an outstanding location between NE 1 st Ave and NE Miami Pl. It is located right in front of the School Board Metromover Station, and minutes away from Downtown, Wynwood, the Design District and Edgewater. It is important to note that the property it’s located in an Opportunity Zone.
PROPERTY FACTS
| Price | $30,562,273 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.77 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | T6-24a-O | ||
| Price | $30,562,273 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.77 AC |
| Opportunity Zone |
Yes |
| Zoning | T6-24a-O |
1 LOT AVAILABLE
Lot
| Price | $30,562,273 CAD | Lot Size | 0.77 AC |
| Price Per AC | $39,560,457.65 CAD |
| Price | $30,562,273 CAD |
| Price Per AC | $39,560,457.65 CAD |
| Lot Size | 0.77 AC |
Zoned T6-24a-O, which allows a developer to build a tower that could rise up to 48 stories and include up to 427 residential units, with 260,925 Gross SF as of right, or 339,202 Gross SF with Public Benefit Bonus.
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $10,379,386 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,379,386 CAD
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1598 NE 1st Ave - Development Site Opportunity - A&E District
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