375 NE 54th St
Miami, FL 33137

STL Advisors is pleased to offer a development assemblage located just a quick turn off of Biscayne Boulevard, Miami’s main corridor. The property sits at the intersection of Buena Vista, MiMo and Little Haiti, all growing neighborhoods due to their proximity to the Downtown Core. The property is also minutes from the Design District. The property is zoned T6-8-O - allowing for mid rise development. It allows for you to build a mixed-use project with 80 Multi-Family Units or 160 Hotel Units. The property is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future. The property consists of two buildings - a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler. There is also a standalone parking lot located at 385 NE 54th Street. The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease.