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Realnex Investment Analysis Software Miami Gardens Industrial Property Price: $1,385,000 Perfect for Auto Collision Center 3,210 SF Showroom/Warehouse. Full approved plans and ready to complete an 8,600 SF Addition. ANCILLARY USE ZONING ALLOWS ADULT STRIP CLUB 17101 NORTHWEST 2ND COURT • MIAMI GARDENS, FL 33169 4151 Hollywood Blvd | Hollywood, FL 33020 | Phone: (954) 361-0000 | Fax: (954) 361-0070 | www.DeMarcoGroup.com TABLE OF CONTENTS Property Summary 3 Property Description 4 Property Photos 5 John DeMarco, CCIM Rendering 8 Broker / Owner 954­453­1000 Architectural Plans 9 [email protected] Miami Gardens Brochure 10 Current Developments Projects 14 Areal Map 21 Map 22 Industry Outlook 23 Demographics 24 Motto Flyer 25 The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions. PROPERTY SUMMARY Page 03 Property Summary Current Use Price: $1,385,000 The existing building is 3,210 SF Showroom and Warehouse which is Lot Size: 18,148 Sq. Ft. situated on an oversized 0.42 acre lot. The property consists of a showroom, 4 industrial bays, and a large fenced in lot. Perfect for a Building Size: 3,210 Sq. Ft. collision center for over 75­100 cars. Planned Addition 8,600 Sq. Ft. Proposed Use Total After 11,810 Sq. Ft. Construction The seller has started construction to build an 8,600 sf warehouse addition, which when completed would give an investor a total of Currently Zoned Auto Collision 11,810 useable space. The exterior walls have been completed, seller Proposed Use Adult Entertainment can finish this for only $150,000 and previously invested over $500,000 Estimated Construction $150,000.00 in construction and entitled costs. Finished building will have 22' Cost ceilings. Approved Billboards 3 The property also has approved plans to build 3, 45 ft billboards facing the Interstate. Market revenue is $10,000 per month per billboard. PROPERTY DESCRIPTION Page 04 17101 NW 2nd Ct John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 17101 NW 2nd Ct Miami Gardens Florida. This aquisition consists of a 3,210 square foot freestanding warehouse situated on a large 18,148 s/ft lot. The property site provides access to the Golden Glades Exchange where I­95, US­441 (State Road 7), Palmetto Expressway (826), and the Florida Turnpike. With a combined ±500,000 daily traffic count from the four major thoroughfares, there is no property in South Florida with higher visibility. The property is currently used for an auto collision center with a large showroom with 4 bays and a lot that can easily accommodate 75 cars. The seller currently has approved building plans build an 8,600 SF addition to the existing 3,210 SF building totaling 11,810. Seller has invested over $500,000 in construction, plans and infrastructure already and started the work, the balance to complete the construction is only $150,000. There is a new sewage lift stations at the property and the exterior wall has been built. The seller may assist with the construction after closing if desired by the buyer. The completed warehouse will have 22' ceilings. Included in this package are approved design renderings. When this building is finished market value on the completed property is +/­ $140 a foot or $1,653,400. Excellent opportunity to purchase a value add property ready to complete construction. This property is also zoned for an adult strip club. This use is extremely valuable and not easy to get. Scarletts Cabaret an operating adult night club was recently sold for $29.5mil. Nearby to Tootsies Adult cabaret, this location would very well for an adult club. The property also has approved plans to build 3 45 ft billboards facing the Interstate. Market revenue is $10,000 per month per billboard. Please remember to not disturb the existing business or property, all showings are by appointment only. Call listing broker for additional information. PROPERTY PHOTOS Page 05 PROPERTY PHOTOS Page 06 PROPERTY PHOTOS Page 07 MIAMI GARDENS, FL Population: 113,187 Area: 18.23 sq mi County: Miami-Dade Median Age: Miami Gardens: 35.6 Median Household Income: Miami Gardens: $41,139 Transportation: Median Property Value: There are several forms of Miami Gardens: $155,700 transportation for citizens and tourists Climate: of Miami Gardens. There is a county Subtropical; average bus service, close proximity to major rainfall: 33.01 inches; interstates (I-95, I-595, and US-441); average temperature: Miami International Airport, Amtrak, 76.54°; winter mean Tri-Rail commuter service, and Port temperature: 69°; summer Everglades, a major deep-water port mean temperature: 84° for passengers and freight, including a Foreign Trade Zone. DEMOGRAPHICS In 2017, Miami Gardens, FL had a population of 113k people with a median age of 35.6 and a median household income of $41,139. Between 2016 and 2017 the population of Miami Gardens, FL grew from 112,514 to 113,187, a 0.598% increase and its median household income grew from $39,012 to $41,139, a 5.45% increase. The median property value in Miami Gardens, FL is $155,700, and the homeownership rate is 64.6%. Most people in Miami Gardens, FL commute by Drove Alone, and the average commute time is 30.8 minutes. The average car ownership in Miami Gardens, FL is 2 cars per household. ECONOMY The economy of Miami Gardens, FL employs 48.7k people. The largest industries in Miami Gardens, FL are Retail Trade (7,115 people), Health Care & Social Assistance (6,862 people), and Transportation & Warehousing (4,668 people), and the highest paying industries are Public Administration ($51,048), Utilities ($43,934), and Professional, Scientific, & Technical Services ($36,835). CITY AMENITIES Public Safety In order to provide the city with safe streets and neighborhood, the Miami Gardens Police Department, Miami Gardens Emergency Medical Services (EMS), and Miami Gardens Fire Department all take part in keeping the community free of harm and the city has 2 major hospitals called Jackson North Medical Center and Mount Sinai Skylake. Utilities The utility’s primary function is to provide cost effective, environmentally safe, water and waste-water treatment and disposal services. It also provides residents with Florida Power & Light (electric) and Comcast cable, along with various satellite TV providers. Parks & Recreation Plantation contains 17 parks and playgrounds in addition the new Top Golf, a high-tech driving range and lounge. The city also includes their own Betty T Ferguson Recreation Complex and extensive recreational programs for all ages, including; tennis, swimming, baseball, basketball, softball, football, soccer, track and jogging, making is the perfect place for active adults and children. Education The top ranked schools in Miami Gardens are Barbara Hawkins Elementary, Brentwood Elementary, and Crestview Elementary. Overall school rank is based on a schools combined math and reading proficiency test scoring. The student Teacher Ratio of 14:1 is less than the Florida average score of 16:1. For the 2020 school year there are 9 public schools in Miami Gardens serving 3,953 Students. OUR LOCATION The City of Miami Gardens was incorporated on May 13, 2003, as the 33rd city in Miami-Dade County. At a population of 105,457, it is the third largest city in Miami-Dade County (after Miami and Hialeah). The City is located in North- Central region of the county, mid-way between Fort Lauderdale and Miami, and is easily accessed by I-95, the Palmetto Expressway (SR 826) and the Florida Turnpike. The city comprises approximately 20 square miles. Miami Gardens is home to Hard Rock Stadium (used by the Miami Dolphins and the University of Miami) and Calder Casino. It has vibrant commercial corridors along the Palmetto Expressway (serving as the central shopping district for the furniture trade) and along U.S. 441 (serving the automobile trade). The city has rail access through the Florida East Coast Railway and the South Florida Tri-Rail System. Calder Casino Calder Casino is a casino located in Lake Lucerne, Miami Gardens, Florida. It includes slots, electronic table games, and bingo. The casino opened in 2010 and features a 100,000-square-foot gaming floor with 1,100 slot machines, including video poker, as well as electronic roulette and blackjack. Hard Rock Stadium Hard Rock Stadium is a football stadium located in Miami Gardens, Florida, a city north of Miami. It is the home stadium of the Miami Dolphins of the National Football League. Hard Rock Stadium also plays host to the Miami Hurricanes football team during their regular season. TOPGOLF Topgolf is a global sports entertainment company. Sprawling entertainment venue with a high-tech driving range & swanky lounge with drinks & games. The company's largest investors are WestRiver Group and Callaway Golf. CURRENT DEVELOPMENTS PROJECTS Page 14 DEVELOPMENT PROJECTS CURRENT DEVELOPMENTS PROJECTS Page 15 CURRENT DEVELOPMENTS PROJECTS Page 16 CURRENT DEVELOPMENTS PROJECTS Page 17 CURRENT DEVELOPMENTS PROJECTS Page 18 CURRENT DEVELOPMENTS PROJECTS Page 19 CURRENT DEVELOPMENTS PROJECTS Page 20 AREAL MAP Page 21 MAP Page 22 Adult Entertainment Industry Outlook Proprietors within the Strip Clubs industry distanced themselves from the seedy past image associated with clubs. Instead, they marketed their establishments as high-class gentlemen's clubs and cocktail lounges that offer adult entertainment. Despite reputation concerns, consumer spending (i.e. fluctuations in per capita disposable income) and behavior (i.e.
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