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SECTION | Executive Summary LOCATION OVERVIEW Sale Price $4,950,000 The subject property is prime Miami Real Estate, "Class A" location surrounded by everything that makes Miami the "Magic City". It is located in the heart of the Roads OFFERING SUMMARY Neighborhood. Brickell Ave Financial District 1/2 Mile away, Coconut Grove 1/2 mile away, Little Havana 1 mile away, Coral Gables just 3 miles away. Subject property is a Lot Size: 0.32 Acres vacant corner lot at the intersection of SW 3rd Ave, (Coral Way) and 22nd Rd. Price / Acre: $15,468,750 All major roadways are minutes away and the Vizcaya Metrorail station is just a 5 minute stroll. T6-8-O (150 units per net acre permits all types of The Roads neighborhood borders the Brickell area at its easterly boundary and runs Zoning: commercial and residential along SW 3rd Ave towards Coral Gables to 12 Avenue at it westerly border. Southwest uses) 3rd Avenue is a mix of existing upscale condominiums, office buildings, schools and is home to The Beth David Congregation and St. Sophia's Greek Orthodox Church, new restaurants such as Perricone's, Obba Sushi, Bocas Grill, and many others. The property was rezoned to T6-8-0, which allows for high density development up to 8 stories in height, 150 multi-family units per acre and additional uses are hotel, office or mixed use development. This is a great site to develop now and also a great property as a land bank opportunity. This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 1 SECTION | Additional Photos This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 2 SECTION | Additional Photos This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 3 SECTION | Sale Comps SUBJECT PROPERTY 2200 SW 3rd AVE | Miami, FL 33129 Sale Price: $4,950,000 Lot Size: 0.32 AC Price PSF: $355.11 Price / AC: $15,468,750 1 3025-3051 SW 3rd AVE | Miami, FL 33129 Sale Price: $5,900,000 Year Built: 1954 1 Price / AC: $11,132,461 2 1920 SW 3rd AVE | Miami, FL 33129 Sale Price: $2,000,000 Lot Size: 0.16115702479338842 AC 2 Price PSF: $284.90 Price / AC: $12,410,256 3 1917 SW 3rd AVE | Miami, FL 33129 Sale Price: $2,000,000 Lot Size: 0.15867768595041323 AC 3 Price PSF: $289.35 Price / AC: $12,604,166 This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 4 SECTION | Sale Comps 4 1744 SW 1st AVE | Miami, FL 33129 Sale Price: $2,562,500 Lot Size: 0.16999540863177226 AC 4 Price PSF: $346.05 Price / AC: $15,073,936 5 1200 SW 2nd Ave | Miami, FL 33130 Sale Price: $6,100,000 Lot Size: 0.24104683195592286 AC 5 Price PSF: $580.95 Price / AC: $25,306,285 This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 5 SECTION | Sale Comps SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP The Roads Development site 2200 SW 3rd AVE $4,950,000 - 0.32 AC $355.11 $15,468,750 - Miami, FL 33129 SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP 1 3025-3051 SW 3rd AVE $5,900,000 - 0.529,981,634,527,089 AC $255.57 $11,132,461 - Miami, FL 33129 2 1920 SW 3rd AVE $2,000,000 - 0.16,115,702,479,338,842 AC $284.90 $12,410,256 - Miami, FL 33129 3 1917 SW 3rd AVE $2,000,000 - 0.15,867,768,595,041,323 AC $289.35 $12,604,166 - Miami, FL 33129 4 1744 SW 1st AVE $2,562,500 - 0.16,999,540,863,177,226 AC $346.05 $15,073,936 - Miami, FL 33129 5 1200 SW 2nd Ave $6,100,000 - 0.24,104,683,195,592,286 AC $580.95 $25,306,285 - Miami, FL 33130 TOTALS/AVERAGES PRICE LOT SIZE PRICE/SF PRICE/AC CAP $3,712,500 0.25 AC $340.91 $14,850,000 - This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 6 SECTION | Sale Comps Map SUBJECT PROPERTY 2200 SW 3rd AVE | Miami, FL 33129 1 3025-3051 SW 3rd AVE 2 1920 SW 3rd AVE 3 1917 SW 3rd AVE Miami, FL 33129 Miami, FL 33129 Miami, FL 33129 4 1744 SW 1st AVE 5 1200 SW 2nd Ave Miami, FL 33129 Miami, FL 33130 This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 7 Traffic Count Report 2200 SW 3rd Ave, Miami, FL 33129 Building Type: Class C Office Class: C RBA: 2,300 SF Typical Floor: - Total Available: 0 SF % Leased: 0% Rent/SF/Yr: - Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 I- 95 SW 1st Ave 0.16 NE 2018 58,113 MPSI .28 2 I- 95 SW 25th Rd 0.04 S 2018 8,785 MPSI .29 3 SW 25th Rd I- 95 0.03 W 2018 20,974 MPSI .33 4 SW 3rd Ave SW 18th Rd 0.01 SW 2018 20,608 MPSI .35 5 SW 26th Rd S Miami Ave 0.04 SE 2018 40,942 MPSI .41 6 Brickell Ave SE 25th Rd 0.14 SW 2018 36,304 MPSI .45 7 SE 26th Rd Federal Hwy 0.04 S 2018 9,420 MPSI .47 8 I- 95 SW 32nd Rd 0.18 W 2018 58,176 MPSI .57 9 8th St SE SW 7th Ave 0.04 W 2018 18,477 MPSI .57 10 Rickenbacker Cswy Brickell Ave 0.07 N 2018 45,497 MPSI .57 6/18/2020 Copyrighted report licensed to The Keyes Company - Keyes Properties - 84890. Page 1 Demographic Summary Report 2200 SW 3rd Ave, Miami, FL 33129 Building Type: Class C Office Total Available: 0 SF Class: C % Leased: 0% RBA: 2,300 SF Rent/SF/Yr: - Typical Floor: - Radius 1 Mile 2 Mile 3 Mile Population 2025 Projection 65,676 179,420 276,012 2020 Estimate 61,648 169,395 262,178 2010 Census 44,122 129,271 210,434 Growth 2020 - 2025 6.53% 5.92% 5.28% Growth 2010 - 2020 39.72% 31.04% 24.59% 2020 Population by Hispanic Origin 48,325 130,680 201,029 2020 Population 61,648 169,395 262,178 White 56,928 92.34% 149,924 88.51% 227,376 86.73% Black 2,361 3.83% 13,260 7.83% 25,760 9.83% Am. Indian & Alaskan 214 0.35% 696 0.41% 1,025 0.39% Asian 1,291 2.09% 3,120 1.84% 4,460 1.70% Hawaiian & Pacific Island 26 0.04% 75 0.04% 156 0.06% Other 828 1.34% 2,320 1.37% 3,400 1.30% U.S. Armed Forces 0 124 155 Households 2025 Projection 29,751 77,443 113,655 2020 Estimate 28,056 73,330 108,333 2010 Census 20,893 57,138 88,885 Growth 2020 - 2025 6.04% 5.61% 4.91% Growth 2010 - 2020 34.28% 28.34% 21.88% Owner Occupied 8,501 30.30% 19,156 26.12% 30,502 28.16% Renter Occupied 19,555 69.70% 54,174 73.88% 77,831 71.84% 2020 Households by HH Income 28,056 73,329 108,335 Income: <$25,000 7,432 26.49% 22,210 30.29% 33,027 30.49% Income: $25,000 - $50,000 5,341 19.04% 14,485 19.75% 22,927 21.16% Income: $50,000 - $75,000 4,701 16.76% 10,999 15.00% 16,122 14.88% Income: $75,000 - $100,000 3,218 11.47% 7,114 9.70% 10,313 9.52% Income: $100,000 - $125,000 1,968 7.01% 5,090 6.94% 7,355 6.79% Income: $125,000 - $150,000 929 3.31% 2,574 3.51% 3,679 3.40% Income: $150,000 - $200,000 1,683 6.00% 4,108 5.60% 5,722 5.28% Income: $200,000+ 2,784 9.92% 6,749 9.20% 9,190 8.48% 2020 Avg Household Income $84,407 $79,733 $76,995 2020 Med Household Income $55,981 $49,928 $47,598 6/18/2020 Copyrighted report licensed to The Keyes Company - Keyes Properties - 84890.
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  • Miami Surface Shuttle Services: Feasibility Study for Transit Circulator Services in Downtown Miami, Brickell, Overtown, and Ai

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    MIAMI SURFACE SHUTTLE SERVICES: FEASIBILITY STUDY FOR TRANSIT CIRCULATOR SERVICES IN DOWNTOWN MIAMI, BRICKELL, OVERTOWN, AND AIRPORT WEST Prepared for the Miami-Dade Urbanized Area Metropolitan Planning Organization Final Report - June 2000 Prepared by: The Center for Urban Transportation Research Principal Investigators: Joel Volinski Victoria Perk EXECUTIVE SUMMARY The concept of shuttle, or local circulator, bus service is gaining popularity around the country as a service that satisfies certain niche transit markets and helps promote different public policy objectives. Shuttle services can improve mobility for employees, residents, and visitors of certain areas while helping to relieve traffic congestion, and it can contribute to economic development in an environmentally favorable way. The Downtown Development Authority of Miami (DDA) initially expressed its desire to implement shuttle services along Flagler Street as part of that corridor’s more comprehensive redevelopment, often referred to as the Flagler Marketplace plan. This plan calls for changing Flagler Street from one-way operations to two-way, adding many new street amenities, and redirecting the large buses that currently serve Flagler Street to other streets in the downtown area. There is also a desire on the part of the retailers on and around Flagler Street to provide a shuttle service that could conveniently link them with the hotels and residential areas north and south of the immediate downtown area. Representatives of the Brickell community are also interested in new shuttle services that would help promote a true “village” atmosphere where people live, work, shop, and enjoy leisure activities within relatively short distances of each other. The more eastern portion of the Brickell area is experiencing substantial new growth of hotels, residential towers, and offices.