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2201 NW 17th Ave - Live Local Act Allapattah Land Redevelopment 0.91 Acres of Commercial Land Offered at $26,173,501 CAD in Miami, FL 33142
INVESTMENT HIGHLIGHTS
- ENTITLEMENT STACK — Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height)
• Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions
• Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown
• Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs
• Additional Upside: Potential easement along north boundary · Possible acquisition of adjacent City-owned parcel
• Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion)
DEVELOPMENT POTENTIAL
Estimated Optimum Live Local Act Building Specs
• 22 stories total · 420 units · 4 floors parking · 18 floors residential
Approximate Unit Breakdown:
• Studio / 1 bath: 105 units · 500 SF · $2,020
• 1BR / 1 bath: 168 units · 700 SF · $2,434
• 2BR / 2 bath: 105 units · 950 SF · $2,650
• 3BR / 2 bath: 42 units · 1,100 SF · $3,000
Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/year
DISCLAIMER
All figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $26,173,501 CAD | Lot Size | 0.91 AC |
| Price Per AC | $28,762,088.70 CAD |
| Price | $26,173,501 CAD |
| Price Per AC | $28,762,088.70 CAD |
| Lot Size | 0.91 AC |
Corner lot: ~117 feet along NW 17 Ave x ~371 feet along NW 22 Street.
DESCRIPTION
ENTITLEMENT STACK — Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise Zone INVESTMENT HIGHLIGHTS • Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height) • Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions • Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown • Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs • Additional Upside: Potential easement along north boundary · Possible acquisition of adjacent City-owned parcel • Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion) DEVELOPMENT POTENTIAL Estimated Optimum Live Local Act Building Specs • 22 stories total · 420 units · 4 floors parking · 18 floors residential Approximate Unit Breakdown: • Studio / 1 bath: 105 units · 500 SF · $2,020 • 1BR / 1 bath: 168 units · 700 SF · $2,434 • 2BR / 2 bath: 105 units · 950 SF · $2,650 • 3BR / 2 bath: 42 units · 1,100 SF · $3,000 Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/year DISCLAIMER All figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.
PROPERTY TAXES
| Parcel Number | 01-3126-045-0200 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,829,512 CAD |
PROPERTY TAXES
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2201 NW 17th Ave - Live Local Act Allapattah Land Redevelopment
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