For Sale

SW 115 Rd & SW 117 Ave MIAMI

FL

$7,600,000

Highlights

  • 149,411 SF (3.43 acres) lot
  • 238 units

Property facts

Price
$7,600,000
Property type
Land development
Lot size
149,411 SF (3.43 acres)
Units
238

About this property

Fausto Commercial is pleased to present K2 Goulds Apartments , a ±3.43-acre transit-oriented assemblage strategically positioned along the South Dade Bus Rapid Transit (BRT) corridor and US-1. Site has two development pathways, pursuing its existing submitted site plan approval, or starting a new design altogether to maximize density. South-Dade is drawing immense development interest for its ability to provide affordable larger land parcels, in quiet and comfortable neighborhoods, with great local retail, strong jobs, and great access to convenient public transit. This site corners a Bus Rapid Transit (BRT) stop, on a transit way which operates 24 hours a day and 365 days a year, with frequencies of up to every 7 minutes. The first development option for this site is an architect-stamped site plan already submitted to Miami-Dade County for a 238-unit, 12-story residential tower. The planned unit mix — 52 one-bedroom, 139 two-bedroom, and 47 three-bedroom apartments— is purpose-built for the area’s growing workforce population, with 378 parking spaces on grade + parking deck. The submitted site plan offers a significant design and entitlement head start bypassing 12 to 18 months of planning time and an estimated $200,000 to $300,000 in pre-development soft costs. The second development option is to maximize residential density. A live local application can get you up to 250 units per acre or 900 total, with 500 units being realistically easily placeable with structured parkin

From the listing broker.

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