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3700 NW 167th St - Palmetto Expressway Development Site
1.32 Acres of Commercial Land in Miami Gardens, FL 33054
Investment Highlights
- The Property could potentially host an impressive 10-story structure with up to ±132 multifamily units and office and retail components.
- The Property has a zoning classification of PCD (Planned Corridor Development), which incentivizes mixed-use projects including residential/retail
- Strong proximity to St. Thomas University, which has a current enrollment of 10,000+ students in its graduate and undergraduate programs.
Executive Summary
Strong proximity to St. Thomas University, which has a current enrollment of 10,000+ students in its graduate and undergraduate programs.
More than half of Property has a zoning classification of PCD (Planned Corridor Development) zone, which incentivizes mixed-use projects including residential, retail and office.
The Property could potentially host an impressive 10-story structure with up to ±132 multifamily units and office and retail components, provided a zoning change on non-PCD zoned parcels is approved and specific development incentives are met.
Property Facts Under Contract
1 Lot Available
Lot
| Lot Size | 1.32 AC |
| Lot Size | 1.32 AC |
Description
By-right FAR of 0.5 and density of 16 du/ac, with generous bonuses for sustainable construction, providing market-rate units, and conforming to architectural guidelines. These bonuses can enhance building height, density and FAR, reduce setbacks and provide for an expedited permitting process. With full incentivization, the Property could earn a maximum height of 10 stories, density of 100du/ac, and FAR of 2.5, allowing a developer to construct an impressive mixed-use building consisting of ±132 apartment units in addition to retail and office space.
PROPERTY TAXES
| Parcel Number | 34-2117-004-3910 | Improvements Assessment | $0 |
| Land Assessment | $98,144 | Total Assessment | $98,144 |
PROPERTY TAXES
zoning
| Zoning Code | 6800 (Vacant Land) |
| 6800 (Vacant Land) |
Presented by
3700 NW 167th St - Palmetto Expressway Development Site
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