FOR SALE OR LEASE 5950 Sunset Drive // South Miami // Florida

South Miami Entrance

Combining visibility, accessibility and walkability, this “main and main” development site has it all. Located one block from a Metrorail station, the site is in a transit oriented development (TOD) district.

The prominent corner is next door to South Miami’s library and City Hall. It is one block from South Miami Hospital to the west and across the street SUNSET DRIVE from the Sunset Drive promenade, which is South Miami’s epicenter for restaurants and shopping.

With a combined traffic count of 113,000 (AADT) between US1 and Sunset Drive, any use that

SOUTH DIXIE HIGHWAY benefits from visibility and access will thrive here.

FOR SALE FOR LEASE Larry Stockton Jonathan Carter Senior Vice President Executive Managing Director Capital Markets Retail Services +1 786 210 5566 +1 305 215 4522 [email protected] [email protected]

Colliers International South Florida, LLC 801 Brickell Avenue, Suite 850 Miami, FL 33131 +1 305 359 3690 colliers.com FOR SALE OR LEASE 5950 Sunset Drive // South Miami // Florida

AREA STATISTICS PROPERTY DETAILS: 5 MILE RADIUS Address 5950 Sunset Drive, Miami, FL Folio Number 09-4036-026-0010 Current Population (2018) Municipality South Miami 344,539 Land Square Feet 24,565 (0.56 acres) Existing 9,736 SF office / retail showroom Improvements

Projected Population DEVELOPMENT RIGHTS: (2023)

360,411 Zoning TODD MU-5 (Mixed-Use 5) district Allowable Uses Office, Retail, Residential, Hotel Maximum Height 8 stories FAR & Unit Average Household Limited by setbacks and parking requirements Income Density (2018) $100,628

Projected Average PROPERTY OVERVIEW: Household Income (2023) What makes South Miami Entrance truly unique is the $115,549 prospect of completely reshaping the face of South Miami by controlling the most prominent site.

Due to the proximity to City Hall, the opportunity exists to Traffic Counts do a very large-scale public-private partnership spanning Sunset Drive: 31,000 a combined acreage is ±4.7 acres. S Dixie Hwy: 82,000 Furthermore, with the proximity to the Metro-rail station SW 62nd Ave: 5,000 and Baptist Health South Miami Hospital, the site’s development potential is virtually limitless.

©2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due SUNSET DRIVE diligence and verification.