FIU 109th Avenue Site | 300 SW 109th Ct
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FIU 109th Avenue Site 300 SW 109th Ct
16,217 SF Retail Building Miami, FL 33174 For Sale
Investment Highlights
- Highly desirable location with limited development sites nearby and strong rental fundamentals
- One of the last developable lots of significant size in the submarket
- Covered land providing income, which reduces risks while planning for development
- Close proximity to FIU campus and FIU College of Engineering & Computing as well as other amenities
Executive Summary
Colliers is pleased to present an opportunity to acquire a 0.77 acre development site ripe for student or workforce housing situated directly on 109 Avenue and a few blocks from the north edge of Florida International University’s main campus. The property currently features a multi-tenant retail center with 10 residential units on top which provides for stable income and reduces risk while planning for development.
The site allows for the development of a boutique student housing or workforce apartment project. It is zoned University City District (UC), which permits a density of 210 student housing units or a max of 840 beds per acre. Furthermore, the site permits a density of 105 workforce units per acre without considering any bonus density.
The site allows for the development of a boutique student housing or workforce apartment project. It is zoned University City District (UC), which permits a density of 210 student housing units or a max of 840 beds per acre. Furthermore, the site permits a density of 105 workforce units per acre without considering any bonus density.
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Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,217 SF
Building Class
C
Year Built
1973
Tenancy
Single
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.77 AC
Zoning
C - COMMERCIAL
Parking
62 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
277 FT on SW 109th Ave
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 25-4006-008-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,263,579 |
PROPERTY TAXES
Parcel Number
25-4006-008-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,263,579
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FIU 109th Avenue Site | 300 SW 109th Ct
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