Miami Mortgage News

Development Opportunity

Fortune Commercial/Manuel Chamizo is pleased to offer theopportunitytoacquire Punta Diamante, a 0.99± acre entitleddevelopmentopportunityin Miami,Florida. The Property is currently approved for163unitsand 8,733 square feet ofground floor retail space. The Property’s MUSP approval is valid and seller to deliverApproved plans. The Property features desirable T6-8-O zoning under Miami 21, whichprovides for density up to 15-stories and 150unitsper acre. The Property features
225± feet of frontage along SW 22nd Avenue. Punta Diamante is just two (2)blocks north of SW 8th Street (Calle Ocho) and five (5) blocks south of WestFlagler Street.

 
PRICE:$4,875,000
- $29,900 perUnit
- $30.58 per FAR Foot
OFFERING HIGHLIGHTS
• Approved for up to163unitsand 8,733 square feet of ground floor retail
• Ultra high barrier to entry location
• Strong rental apartment submarket boasting occupancy over 97%
• Great location, minutes away from major employment centers including
Coral Gables, Brickell and Jackson Memorial Hospital
• Features 225± feet of visibility along SW 22nd Ave
• Exceptional visibility with traffic count exceeding over 22,000 vehicles per day
Miami, FL 33130
Miami-Dade County
ENTITLEMENTS:163Units/159,399 FAR
MUSP Approved Till August 2015 with 2 Options
TOTAL LAND AREA:0.9866± Acres /42,980± SF
ZONINGT6-8-0