106th Avenue Development Site

Miami, FL, US, Americas

Portfolio description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in ±5.1 acres of land located just north of the Route 1 / Turnpike Interchange in Cutler Bay on SW 106th Avenue, Miami, FL 33157 (the “Property” or the “Site”). This Property offers potential investors great executional flexibility as it sits within the very generous BU-2 commercial zoning and the SMART Plan Corridor, which allows for potential mixed-use developments that include residential.

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Attributes

Land area gross

2.07 ha

Zoning

BU-2

Parcel

30-6005-081-0040; 30-6005-081-0050

106th Avenue Development Site (2 Properties)

Media

Investment highlights

Prime Location: The property is strategically located just north of the Route 1 / Turnpike Interchange in Cutler Bay, offering quick access to major submarkets in Miami-Dade County
5.11 Acre Site: the property offers significant development potential in a growing area with strong demographics and accessibility to over 5.4 million people within a 90-minute drive.
Flexible Zoning: The site is zoned BU-2, which allows for a wide range of high-value commercial and mixed-use development possibilities, including retail, office, medical facilities, and potential residential use
SMART Plan Corridor: The property is situated within a designated Smart Plan Corridor, allowing for mixed-use development with a density of up to 60 Dwelling Units per Acre (DUA).
Live Local Potential: Under the Live Local Act, the site could potentially yield approximately 1,277 units with unlimited building height and FAR, subject to approvals.