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3398 South River Drive St
Miami, FL 33142
River Point Rare Parking Garage Development · Land For Sale
·
0.99 AC
INVESTMENT HIGHLIGHTS
- Plans and Permit Approved/Hotel/Structure
- 3 Minutes to the Miami Airport/Car Rental/Fleet Parking
- Rare Parking Garage Development Opportunity
EXECUTIVE SUMMARY
The 43,168 square-foot lot is zoned PLMUC under the Palmer Lake Metropolitan Urban Center. This zoning consists of high density and the greatest variety of uses, including an approved 375-key hotel, 250 multifamily residential units, retail, commercial, industrial/warehouse uses, and a parking garage for rental car companies. In this case, zoning permits 375 hotel units per acre or 250 multifamily residential units per acre with no FAR restriction other than FAA regulations.
A) CURRENTLY APPROVED FOR HOTEL DEVELOPMENT
• This opportunity will allow new ownership to create 170 spacious guest rooms near the Miami Intermodal Center
(MIC), which is a hub for rapid transit, commuter rail, local bus, and intercity transportation hub.
• Investors can acquire one acre of land next to Miami International Airport (MIA) in, Palmer Lake, an area that is gradually transforming from a semi-industrial sector to a hotel center due to the growing demand from travelers that increases every year.
B) ALTERNATIVE DEVELOPMENT
• Zoning allows for 250 multi family units per acre
• Zoning allows for 375 hotel units per acre
• Unlimited FAR restriction
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $6,746,222 CAD | Lot Size | 43,148.00 AC |
| Price Per AC | $156.35 CAD |
| Price | $6,746,222 CAD |
| Price Per AC | $156.35 CAD |
| Lot Size | 43,148.00 AC |
ONE Sotheby's has been selected to exclusively market the sale of this prime development land near the Miami International Airport. The offering provides developers with a versatile opportunity to pursue a wide range of potential uses and development
DESCRIPTION
ONE Sotheby's has been selected to market the sale of this prime development land exclusively near the Miami International Airport. The offering provides developers with a versatile opportunity to pursue a wide range of potential uses and developments including, parking garage, self storage, warehouses or multifamily or hotel. The 43,168 square-foot lot is zoned PLMUC under the Palmer Lake Metropolitan Urban Center. This zoning consists of high density and the greatest variety of uses, including a parking garage for rental car nearby companies, approved 375-key hotel, 250 multifamily residential units, retail, commercial, industrial/warehouse uses.. In this case, zoning permits 375 hotel units per acre or 250 multifamily residential units per acre with no FAR restriction other than FAA regulations. A) CURRENTLY APPROVED FOR HOTEL DEVELOPMENT • This opportunity will allow new ownership to create 170 spacious guest rooms near the Miami Intermodal Center (MIC), which is a hub for rapid transit, commuter rail, local bus, and intercity transportation hub. • Investors can acquire one acre of land next to Miami International Airport (MIA) in, Palmer Lake, an area that is gradually transforming from a semi-industrial sector to a hotel center due to the growing demand from travelers that increases every year. B) ALTERNATIVE DEVELOPMENT • Zoning allows for 250 multi-family units per acre • Zoning allows for 375 hotel units per acre • Unlimited FAR restriction
PROPERTY TAXES
| Parcel Number | 30-3128-035-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,766,469 CAD |
PROPERTY TAXES
