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1660-1690 NW 19th Ter - 19 Allapattah District

0.5 Acres of Commercial Land Offered at $4,390,000 in Miami, FL 33125

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Investment Highlights

Located in the second-largest health district in the U.S.
Located in close proximity to the Metrorail and Metromover.
Proximity to I-95 and SR-836, the location has unmatched north-south and east-west accessibility

Located a few blocks away from River Landing, a luxurious mixed-use project comprised of 2 million square feet of retail and multifamily
Immediate access to Downtown Miami and Brickell as well as many amenities

Executive Summary

As exclusive listing broker, Colliers is pleased to present the opportunity to acquire 19 Allapattah District, a prime 0.5-acre (21,450 SF) development site a few blocks from the historic Miami River, located in the Miami Health District, the second largest medical district in the U.S. The location offers access to major highways and is in close proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, as well as LoanDepot Park and Miami International Airport. The Health District consists of numerous medical clinics and research facilities and is the hub for Miami’s medical research. The site consists of two adjacent parcels located at the corner of NW 19th Terrace and NW 17th Avenue. It is strategically situated a short walk from the Miami Metrorail station and River Landing, a luxurious mixed-use project comprising 2 million square feet of retail and multifamily space. Currently, the properties feature approximately 6,144 SF of vacant office space as week as a ±800 SF single-family home, providing the potential for an income stream during the entitlement process. The property is zoned T6-8-O, allowing for dense and flexible mixed-use development. The current zoning allows for the development of 150 units per acre (69 units) and an FLR of 7 with a 30% bonus, equating to a maximum developable area of roughly 200,000 SF. The site qualifies for Live Local, allowing for significantly more density and tax benefits than by right zoning

Property Facts

Price	$4,390,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Office Multifamily Apartment Units Healthcare Hold For Development Hold For Investment Medical Unknown
No. Lots	1	Total Lot Size	0.50 AC
Property Type	Land

Price	$4,390,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Multifamily Apartment Units Healthcare Hold For Development Hold For Investment Medical Unknown
Total Lot Size	0.50 AC

1 Lot Available

Lot

Price	$4,390,000	Lot Size	0.50 AC
Price Per AC	$8,780,000

Price	$4,390,000
Price Per AC	$8,780,000
Lot Size	0.50 AC

The property is zoned T6-8-O, allowing for dense and flexible mixed-use development. The current zoning allows for the development of 150 units per acre (69 units) and an FLR of 7 with a 30% bonus.

Description

As exclusive listing broker, Colliers is pleased to present the opportunity to acquire 19 Allapattah District, a prime 0.5-acre (21,450 SF) development site a few blocks from the historic Miami River, located in the Miami Health District, the second-largest medical district in the U.S. The location offers access to major highways and is in close proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, as well as LoanDepot Park and Miami International Airport. The Health District consists of numerous medical clinics and research facilities and is the hub for Miami’s medical research. The site consists of two adjacent parcels located at the corner of NW 19th Terrace and NW 17th Avenue. It is strategically situated a short walk from the Miami Metrorail station and River Landing, a luxurious mixed-use project comprising 2 million square feet of retail and multifamily space. Currently, the properties feature approximately 6,144 SF of vacant office space as week as a ±800 SF single-family home, providing the potential for an income stream during the entitlement process.

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