private offering 20th street re-development miami, fl€¦ · miami, fl • +- 40,000 ft lot, 6,600...

PRIVATE OFFERING20th Street Re-Development

MIAMI, FL

• +- 40,000 Ft Lot, 6,600 Ft warehouse

• Property enclosed with CBS wall

• T 6-8O zoning

• 133 UNITS "by right"

• Asking $3,300,000.00

AGUSTIN DUARTEBROKER-CCIMRE/MAX 360 Real Estate

4217 Ponce de Leon Blvd.Coral Gables, FL 33143

(d) 305.305.450.5992

(f) 305.574.7885(e) [email protected]


(d) 305.450.5992 | (f) 305.574.7885(e) [email protected]

1430 1460 & 1490 NW 20 STREETMIAMI FL. 33142

Information is believed to be accurate but not warranted, Buyer’s due diligence is required. Information furnished regarding property for sale, lease or financing is from sourcesdeemed reliable, such information has not been verified & no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject toerrors, omissions, change of price, lease or other conditions, prior sale, lease or financing or withdrawal without notice and to any special conditions.

PROPERTY OFFERING



1430 1460 & 1490 NW 20 StreetMIAMI FL 33142


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1430 1460 & 1490 NW 20 StreetMIAMI FL 33142


SURVEY


Demographics



DAILY TRAFFIC COUNT MAP& PROXIMITY MAP

1 Mile


THE ALLAPATTAH SUB-MARKET

This opportunity is being provided by A. Duarte- CCIM, and RE/MAX Commercial

Property sits in an area called “ Allapattah” (West of Wynwood) which is well underway of agentrification and revitalization.

This “Allapattah” area is best known for some of the finest medical facilities in the United

States. Institutions such as the Bascom Palmer Eye Institute, the Ryder Trauma Center, Cedars ofLebanon Hospital, and the Veterans Administration attract patients and

distinguished physicians from around the world.

The 20th Street Merchant’s Corridor, between 27th and 17th Avenues, is nowfamous for its multiple garment manufacturing and wholesale

outlets driving Domestic and International Buyers and Exporters. Nearby, the Produce Market, the largest

open-air food distribution center in Miami, serves local supermarkets and “bodegas” with the freshest

variety of South Florida produce, tropical fruits and many other products. Allapattah is the last undeveloped

urban core neighborhood in Miami. It is compared to Wynwood 10years ago that has since seen an astronomical valuation in CRE value which is the primary driving force toAllapattah and sustaining the ongoing gentrification. To illustrate, Allapattah CRE was fetching $30-35/SF

less than 2 years ago and has climbed to $60-$90/SF in recent closings with the same upwards progressionto come. In comparison to Wynwood who saw the same aggressive valuation, we’re seeing recent

closed sales at just under $1K/SF in just 10 years, and I’d estimate Allapattah as being in year 3-4 of its

cycle which underlines the tremendous value/upside of the proposed site.(Notable articles)http://www.miamiherald.com/real-estate/article131584324.html

https://therealdeal.com/miami/2017/03/03/allapattah-emerging-neighborhood-uli-event/http://www.naimiamiblog.com/is-allapattah-the-next-hot-miami-neighborhood/http://www.thenextmiami.com/moishe-mana-now-billionaire-thanks-miami-property-boom/)

http://www.miamiherald.com/news/business/real-estate-news/article35676789.htmlhttp://www.thenextmiami.com/census-5400-people-moving-miami-area-every-month/



private offering 20th street re-development miami, fl€¦ · miami, fl • +- 40,000 ft lot, 6,600...

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