Description
20 st Corner Strip Center, Fully Leased Out at below market rents with mo-to-mo tenancy. Significant upside on rents, up to $16psf nnn. Underlying zoning is T-6-8-O, permitting for mixed use 150 units per acre, retail, office, hotel, etc, up to 8 stories. Area has several nearby developments going vertical, as the scarcity of attainable housing in miami only grows. This site is a covered land play, with great income in place, and a path to development due to favorable zoning and market conditions in the future.
School Ratings & Info
Description
20 st Corner Strip Center, Fully Leased Out at below market rents with mo-to-mo tenancy. Significant upside on rents, up to $16psf nnn. Underlying zoning is T-6-8-O, permitting for mixed use 150 units per acre, retail, office, hotel, etc, up to 8 stories. Area has several nearby developments going vertical, as the scarcity of attainable housing in miami only grows. This site is a covered land play, with great income in place, and a path to development due to favorable zoning and market conditions in the future.
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