PRIME DEVELOPMENT. OPPORTUNITY FOR SALE Biscayne Boulevard, Miami, FL 33181
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1 PRIME DEVELOPMENT OPPORTUNITY FOR SALE LOCATION Excellent property to develop Conveniently located on Biscayne Boulevard High Traffic Counts of 80,000+ Per Day Serves as a retail corridor Short drive to the beach Minutes away from the famous Bal Harbour Shops Potential Development reation opportunities as well as entertainment and arts PROPERTY SUMMARY Property Type: Land Lot Size: 140,697 SF Dual Zoning: BU-1A RU-3M
2 DESCRIPTION Located on Biscayne Boulevard in a highly desirable area, directly in between North Miami and Miami Shores. The site serves as a retail corridor that continues to experience significant growth given the high level of demand for retail in Surfside and North Miami Beach including Bal Harbor; all destinations for people throughout South Florida as well as visitors from Latin America. Additionally, the strong demographics of this area make the subject property very attractive for a number of retailers looking to break into this market. SITE SPECIFICATIONS Property Type: Land Lot Size: 140,697 SF Zoning: BU-1A (Retail/Office Building) - The maximum height of any structure in this district shall be 4 stories not to exceed 45 feet in height. Zoning: RU-3M (Multi-Family) - The maximum number of dwelling units shall be determined on the basis of a total of 12.9 dwelling units per net acre. The maximum height of a building in this district shall be 2 stories and shall not exceed 35 in height. THE NEIGHBORHOOD Miami is one of the state s and the world s most popular vacation spots. Though destinations often are said to offer something for everyone, the Miami area offers multiple enticements for everyone: The trendy nightlife of South Beach, bejeweled by the eye candy of the Art Deco district. The bustle of Calle Ocho and the highly caffeinated energy of Little Havana. The plush hotels of Miami Beach and the historic hideaways of Coral Gables. Seemingly endless shopping opportunities in modern, sprawling malls and the quiet, personal attention offered by the family-owned shops of Coconut Grove and many other corners of the region. The lures of deep-sea fishing and golf and tennis. Major league football, basketball, hockey and baseball. Boat shows and auto racing. Art festivals and outdoor food and wine extravaganzas. An international airport and the world s busiest cruise port. The Miami area offers all of this and so much more. DEMOGRAPHICS FOR MILE 3 MILES 5 MILES Total Day Time Population 21, , ,426 Average Household Income $61,098 $58,429 $54,616 Per Capita Income $25,553 $21,766 $20,469
3 Property Map Biscayne Boulevard La Fontana Shops In Close Proximity To Property: Bank of America BB&T Bank Chase Bank Citi Bank Family Dollar Fiat Dealership (in development) Home Depot Kmart LA Fitness La Fontana Shops (in development) Panera Bread Pollo Tropical Starbucks Subway Restaurant Walgreens Whole Foods
4 LOCATION MAP MIRAMAR AVENTURA SUNNY ISLES BEACH GOLDEN GLADES MIAMI SHORES NORTH BEACH MIAMI SOUTH BEACH LOCATION OVERVIEW OUR SUBJECT Less than an hour drive from Fort Lauderdale & South Beach Surrounded by a variety of outdoor recreational opportunities Gateway to vast number of residential, business, entertainment and cultural opportunities A wide variety of developments in close proximity to subject property Excellent demographics
5 PROPERTY IMAGES
6 FOR SALE DUAL ZONING
7 Miami, MIAMI FL Population Miami is the largest city within Miami-Dade County as well as the county seat, with an estimated population of 424,662. Miami is the only metropolitan area in the United States that borders two national parks. Biscayne National Park is located east of the mainland, in Biscayne Bay, and the western third of Miami-Dade County lies withineverglades National Park. The northwest portion of the county contains a small part of the Big Cypress National Preserve. Miami-Dade County is close to sea level in elevation averaging about 6 feet (1.8 m) above sea level. It is rather new geologically and located at the eastern edge of the Florida Platform, a carbonate plateau created millions of years ago. Eastern Dade is composed of Oolite limestone while western Dade is composed mostly of Bryozoa.[13] Miami-Dade is among the last areas of Florida to be created and populated with fauna and flora, mostly in the Pleistocene. According to the 2000 census, the county has a total area of 2, square miles (6,296.9 km2), of which 1, square miles (5,040.3 km2) (or 80.04%) is land and square miles (1,256.6 km2) (or 19.96%) is water,[14] most of which is Biscayne Bay, with another significant portion in the adjacent waters of the Atlantic Ocean. The bay is divided from the Atlantic Ocean by the many barrier isles along the coast, one of which is where well-known Miami Beach is located, home to South Beach and the Art Deco district. The Florida Keys, which are also barrier islands are only accessible through Miami-Dade County, but which are otherwise part of neighboring Monroe County. Demographics 2008 U.S. Census estimates U.S. Census Bureau 2008 Ethnic/Race Demographics: White (non-hispanic): 17.8% Black (non-hispanic): 19.5% Hispanics or Latinos of any race: 62.4% Asian: 1.6% Two or more races: 1.0% Some other race: 5.6% American Indian and Alaska Native: 0.3% Native Hawaiian and Other Pacific Islander: 0.1% According to the 2008 U.S. Census Bureau estimates, when compared to the 2000 U.S. Census, the Hispanic population grew 5.1%, the Black population dropped 0.8%, the White (non- Hispanic) population dropped 2.9%, and the Asian population grew 0.2%. Transportation Miami International Airport Miami International Airport, located in an unincorporated area in the county, serves as the primary international airport of the Miami Area. One of the busiest international airports in the world, Miami International Airport caters to over 35 million passengers a year. Identifiable locally, as well as several worldwide authorities, as MIA or KMIA, the airport is a major hub and the single largest international gateway for American Airlines, the world s largest passenger air carrier. Miami International is the United States third largest international port of entry for foreign air passengers (behind New York s John F. Kennedy International Airport and Los
8 Angeles International Airport), and is the seventh largest such gateway in the world. The airport s extensive international route network includes non-stop flights to over seventy international cities in North and South America, Europe, Asia, and the Middle East. General aviation airports in the county include Kendall- Tamiami Executive Airport in an unincorporated area, Opa- Locka Airport in Opa-Locka, and Homestead General Aviation Airport in an unincirporated area west of Homestead. Homestead Joint Air Reserve Base, east of Homestead in an unincorporated area, serves military traffic. Public transit Public transit in Miami-Dade County is served by Miami-Dade Transit, and is the largest public transit in Florida. Miami- Dade Transit operates a heavy rail metro systemmetrorail, an elevated people mover in Downtown Miami, Metromover and the bus system, Metrobus. Currently, expansion of Metrorail is underway with the construction of the AirportLink to Miami International Airport. Major expressways In Florida a Tolled State Road is often (but not always) denoted by having the word TOLL printed on the top of the State Road shield. When a driver passes through a toll plaza without paying the proper toll a digital image of the cars license tag is recorded. Under Florida Law, this image can be used by the Authority to issue a toll violation. Miami-Dade County has 10 major expressways and 1 minor expressway in Downtown Miami. Other areas and attractions South Beach Calle Ocho Downtown Dolphin Mall Biltmore Hotel Miami Art Deco District Bayside Marketplace Star Island Key Biscayne Mary Brickell Village University of Miami Ocean Drive Lincoln Road Miami Bal Harbour Shops Aventura Mall Freedom Tower Miami Design District Little Havana Brickell Española Way Wynwood Art District Vizcaya
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19 ABOUT THE COMPANY Commercial Division The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. Fortune International Realty provides a complete range of commercial real estate brokerage services including owner and tenant leasing, acquisition and sales, marketing and consulting to owners, investors and lessees of all property types. Services to sellers/owners/tenants We specialize in Sale / lease of existing property, Sale-leaseback option, Land acquisition, Buy versus lease analysis, Property availability studies, Property assessments, Comparative market analysis, Financial analysis, Demographic analysis, Competition analysis, Marketing plan according to market conditions, Presentation package, Media placement, Mailing and Network to market players, 1031 Exchange terms Services to buyers Fortune s broad market knowledge can help create value. If you are pursuing the sale of your real estate property or interested in maximizing returns during ownership, our extensive local market experience and property-type expertise enable us to advise owners on accurate market pricing, property positioning and creating long-term investment strategies that support wealth increase and preservation. At Fortune we have access to an international pool of investors and direct buyers. Fortune International Realty executives are qualified to guide investors bringing a thorough acquisition strategy by evaluating and analyzing markets, property types and local neighborhoods that are best suited to serve each investor s needs. The business and market expertise of our agents is combined with broad database and research capabilities. We provide our clients and our people with the tools they need to anticipate opportunities, seize competitive advantage and execute the best possible real estate strategies. CONFIDENTIAL MEMORANDUM Disclaimer The information contained in this offering material ( Brochure ) is confidential, furnished solely for the purpose of a review by a prospective purchaser of (the Property ) and is not to be used for any other purpose or made available to any other person without the express written consent of Fortune International Realty ( Broker ). The material is based in part upon information supplied by the Owner and in part upon information obtained by Broker from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, Broker or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. This Brochure was prepared by Broker and has been reviewed by Owner. It contained selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which as prospective purchaser may desire. Graphics are only a representation of property feature, are not to scale and subject to change. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors beyond out control and, therefore, are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Brochure, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete or accurate descriptions of the full agreements involved, or do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Broker or the Owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgement as to the advisability of purchasing the Property described herein. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner and any conditions to Owner s obligations thereunder have been satisfied or waived. Broker is not authorized to make any representations or agreements on behalf of Owner. This Brochure is the property of Broker and may be used only by parties approved by Broker and Owner. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to Broker immediately upon request of Broker or Owner and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Broker and Owner. The terms and conditions set forth above apply to this Brochure in its entirety. Disclaimer: This Document is being furnished to the recipient exclusively for the recipient s own use and convenience. It is the responsibility of the recipient to assure itself that the information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipients own risk. This document being provided to the recipient without any warranty or representation of any kind or nature, express or implied, as to its content, its suitability for any purpose, its accuracy, veracity or completeness. As a cushion for the potential buyer please consult a CPA or attorney before signing any agreement to this particular offer. COURTESY: Obtain a clearance before signing any document. Fortune International Realty expressly reserves the right at its sole discretion to reject any or all offers for the property and to terminate discussion with any party at any time with or without notice. NOTE: Please review the above information. If you send an offer or have a question, please via at commercial@
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