NW 62 ST ASSEMBLAGE FOR SALE
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1 FOR SALE
2 EXECUTIVE SUMMARY ASKING PRICE: $2.725 M VEHICLES PER DAY: 30,000 TOTAL BUILDING AREA: TOTAL LOT AREA: 5,391 SF 36,900 SF GROSS DEVELOPMENT SF: 130, ,600 SF DENSITY ALLOWED: 55 RESIDENTIAL UNITS ZONING: T5-O DESCRIPTION: 36,900 SF T5-O corner development site located in Little Haiti. This site is visible to over 25K vehicles per day. Site is home to a flex space and two single family residential homes. NE 62 ST is one of Little Haiti s main East to West corridors that connects I-95 to Biscayne Blvd. Population growth in the area is expected to increase at a high rate of 4.6%. Little Haiti is a vibrant community home to several cultural institutions. The site is also close from the upcoming Magic City Innovation District, the proposed Eastside Ridge redevelopment and the existing Miami Design District. The site also offers the option to be redeveloped into a 5-story mixed-use redevelopment, retail, or an office building NW 52 ST metro1.com
3 NW 1 AVENUE 6130 NW 2 AVE 5,000 SF T5 O ,400 SF T5 O ,500 SF T5 O REET Address NW 2 AVE Total Building Size SF 992 3,279 1,120 5,391 Lo t S i ze S F 3,400 28,500 5,000 36, NW 52 ST # of Units Zoning T5-O T5-O T5-O Density metro1.com
4 NW 52 ST metro1.com
5 ZONING ALLOWANCES BUILDING INTENSITY Dwelling Units per Acre Dwelling Units Allowed Maximum Commercial Area Maximum Office Area Maximum Commercial Establishment Area FLR Maximum Built Area Maximum Building Footprint 65 du/acre 55 units 130,142 ft² 130,142 ft² 55,000 ft² 130,142 ft² 29,519 ft² Lot Coverage 80 % Minimum Open Space 10 % HEIGHT LIMITATIONS (LEVELS) Total Building Height Principal Building Max. Height (Podium) Principal Building Min. Height (Podium) Principal Tower Allowed Height Bonus Allowed Height Maximum Office Height Maximum Commercial Height 5 Levels 5 Levels 2 Levels SETBACKS Primary Frontage Setback Secondary Frontage Setback Side Setback Rear Minimum Setback Second Layer Dimension 10 ft 10 ft 0 ft 0 ft 25 ft Main Building Building Setback limit Lot NW 52 ST metro1.com
6 CAPACITY ANALYSIS TOTAL BUILDING AREA Total Building Height Maximum Building Footprint Maximum Liner Footprint Maximum Tower Footprint Maximum Commercial Tower Footprint Common Space Area 129,664 ft² 5 Levels 29,519 ft² 10,685 ft² 13,110 ft² Lot Coverage 80 % FLR RESIDENTIAL AREA NET Residential Units Residential Units Average Size Residential Height (Levels) COMMERCIAL AREA NET Commercial Height (Levels) PARKING AREA Total Parking Required Total Shared Parking Required Parking Structure Height Total Provided Parking Capacity On-Street Parking Capacity Off-Site Parking Capacity Parking Structure Capacity Parking Structure Area 55,550 ft² 55 DU 1,010 ft² 4 Levels 10,000 ft² 2 Levels 51,004 ft² 119 Spaces 114 Spaces 3 Levels 130 Spaces 130 Spaces 51,004 ft² Underground Parking Underground Parking Area Surface Parking Capacity Commercial Parking Residental Lot NW 52 ST metro1.com
7 102 NW 62 STREET NW 52 ST metro1.com
8 Magic City Innovation District is revitalizing the Little Haiti and Little River neighborhoods to create a world-class destination. We will provide Miami a walkable, campus-like neighborhood where individuals from diverse backgrounds can enjoy a quality life and help write the next chapter of history on how we live, work, play and learn together. Magic City will serve as a new model for future innovation districts and real estate development worldwide. Over the last four years, we have helped Little Haiti and Little River become more desirable and recognizable neighborhoods in Miami attracting artists, creative, entrepreneurs and makers to our community. We will continue to attract a community of leading innovators who will disrupt and change the world through advancing technologies that span verticals from art to architecture, new-tech to cleantech, fashion to food, media to film production, and software to sustainability. Magic City Innovation District will become a leading model for the future of modern urban revitalization by providing an access point for an underserved neighborhood to enter the global economy through the creative, innovation and tech sectors NW 52 ST metro1.com
9 FOR SALE NW 52 ST metro1.com
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FOR SALE EXECUTIVE SUMMARY ASKING PRICE: $5.9 M CURRENT NOI: $150,000 TOTAL BUILDING AREA: TOTAL LOT AREA: 13,748 SF 43,286 SF GROSS DEVELOPMENT SF: 147,524 SF DENSITY ALLOWED: 56 RESIDENTIAL UNITS ZONING:
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