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$4,990,000
Site plan approved mixed-use 45-unit life-style dev for short-or long-term rentals & 4,330 sf of retail. seller may submit the by-right plan change to increase to 50 units or 75 units & liquor-license, if negotiated. 20,000 sf of residential at $5/sf is $1.2 mm in gross rents based on yearly rentals. at $40/sf nnn, the retail generates $173,000 in noi. project valued at $21 mm when leased up. hot little havana dev on sw 1st & 9th ave, near downtown & calle ocho. central to brickell, gables, grove & hospital district/wynwood. purchase options: close now w/ the site plan & 100% parking reduction approved for the 45-units + retail as-is; or close post permit approval & w/ proof of submission for plan change to 50 or 75 units; then seller may complete the administrative change post-closing.
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Courtesy of One Sotheby's International Realty
Commercial - BRICKELL RIVERVIEW for Sale
861 SW 1ST ST, MIAMI, FL 33130Asking Price$4,990,000
- Lot size 7000sqft
- Taxes $11,641
-
Days on market:
1 day(s) Original Price:
$4,990,000Tax Legal Description:
BRICKELLS RIVERVIEW PB 5-43 LOT 13 LESS S10FT FOR ST BLK 2 LOT SIZE 50.000 X 140 OR 18640-4694 0399 4Tax Year:
2021-
MLS:
A11217699 -
Property Type:
Commercial -
Waterfrontage (sqft):
150
Lot Features:
City Location Corner Lot Less Than 1 Acre
Description
Commercial - BRICKELL RIVERVIEW for Sale
861 SW 1ST ST, MIAMI, FL 33130Asking Price$4,990,000
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