There are only a few remaining vacant lots on Brickell Avenue, and one of them has just been made available. According to a recent article from The Real Deal, the 17,500-square-foot property is located at 1870 Brickell Avenue. In addition to the valuable land itself, the listing also includes plans for a 26-unit luxury condo project, but with condo sales down, the site can also be marketed as a land banking opportunity. Industry experts believe this investment property, with a price tag set at $10.5 million, will not spend much time on the market.
The land is zoned T5-R, which allows for up to five stories and 26 residential units. It’s situated on the dry side of Brickell Avenue, just across the street from Brickell Place condominium. The plans included in the sale include underground parking and an active roof deck. Other notable properties within walking distance include the new Atton Brickell Miami hotel and Le Parc, a luxury condo project. Brickell City Centre, Brickell Heights, SLS Lux and Brickell Flatiron can all be found about a mile north. Property records show the current owners as Impex Caribe Corp., a company controlled by Carlos A. Saenz.
For more information about available properties in Miami, contact Oceanica Real Estate at (786) 270-1743 or [email protected].