2201 NW 17th Avenue, Miami, Florida 33142

Description

Miami (Allapattah) Live Local Act Land Sale — Multi-Family Eligible up to 29 FloorsCorner lot: ~117 feet along NW 17 Ave x ~371 feet along NW 22 StreetENTITLEMENTS: Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise ZoneINVESTMENT 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 POTENTIALEstimated Optimum Live Local Act Building Specs• 22 stories total · 420 units · 4 floors parking · 18 floors residentialApproximate 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 · $3,000Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/yearDISCLAIMERAll figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.