201 SW 8th St & 720 SW 2nd Ave, Miami, FL 33130
Located strategically on a full city block at 201 SW 8th Street and 720 SW 2nd Avenue, the property has direct frontage on SW 8th Street, which is the main artery into Brickell. The two parcels, totaling 96,628 SF, are 100% leased, providing substantial in-place income.
Cash Flow Miami is pleased to present the opportunity to acquire the Brickell Gateway Development Site, a unique property at the main entrance of the Brickell Financial District. The property is strategically located on a full city block at 201 SW 8th Street and 720 SW 2nd Avenue, Miami FL 33130, with direct frontage on SW 8th Street. The Brickell Gateway development site consists of two parcels totaling 96,628 SF (2.22 acres) with an existing 28,717 net leaseable SF building that is 79% leased and a 7,558 SF Chevron Gas Station on a brand new NNN lease. The existing building is leased to multiple tenants, including CVS, McDonald's and Chevron, providing substantial in-place income with the immediate opportunity of redevelopment into a high-density, mixed-use development. The property is located within the Little Havana density overlay, allowing for an increased maximum density of 200 units per acre.
The Brickell Gateway Development Site is zoned T6-24A-O, which allows a developer to build up to 9.1 times the property land square footage or a maximum FLR of 879,315 SF, 444 residential units and 48 stories (including bonuses). The property represents the unique opportunity to acquire a covered-land, income producing and premiere development site on one of the last full city block corners at the entrance to the Brickell Financial District. The central location and high density zoning, makes the property an ideal candidate for high density mixed-use development incorporating retail, office and residential spaces.
Brickell is undergoing a significant surge in demand for boutique development sites to build mixed-use towers as the city sees increased population growth from other states.
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