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861 SW 1st St

Miami, FL 33130
  • $4,990,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: A11217699
UPDATED: 20 min ago
$4,990,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

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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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-06-30T21:52:18.66.
www.castellihomes.com/homes/129549620
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861 SW 1st St Miami, FL 33130

  • Price: $4,990,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 20 min ago
  • MLS #: A11217699
0
Beds
0
Baths
0
½ Baths
0.36
Acres
Neighborhood:
Brickell Riverview
County:
Miami-Dade
Area:
Brickell Riverview
Property Description
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.
Exterior Features

Frontage Length 150 Lot Features City LocationCorner LotLess Than 1 Acre Pool Private YN No Road Frontage Type Public Road Road Responsibility Public Maintained Road Road Surface Type Paved View YN No Waterfront YN No

Property Features

Additional Parcels YN Yes Association YN No Building Name Brickell Riverview Horse YN No Listing Terms Cash New Construction YN No Property Sub Type Commercial Public Survey Section 38 Senior Community YN No Sewer Public Sanitation Structure Type Commercial Tax Annual Amount 11641 Tax Year 2021 Water Source Municipal Water Zoning 6110

Listing courtesy of Douglas Elliman.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-06-30T21:52:18.66.
 
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Castelli Real Estate Services
2227 Wilton Drive
Fort Lauderdale FL, 33305