Earlington Heights Development

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142 EARLINGTON HEIGHTS DEVELOPMENT

EXCLUSIVELY LISTED BY: AGUSTIN DUARTE CCIM

4217 PONCE DE LEON BLVD | CORAL GABLES, FL 33146 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

CONFIDENTIALITY DISCLAIMER

Information is believed to be accurate but not warranted, Buyer’s due diligence is required. Information furnished regarding property for sale, lease or financing is from sources deemed reliable, such information has not been verified & no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, lease or other conditions, prior sale, lease or financing or withdrawal without notice and to any special conditions. 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

PROPERTY DESCRIPTION:

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

The "Earlington Heights Development" offering is for a +-27,000 SF parcel of land located at 3501 NW 27th Avenue. The lot is zoned T6-8-O which allows 150 units p/acre. Additionally allowable is the "public benefit bonus" increasing the density by 25%. The vertical allowable density and liberal zoning is allowing developers to pay the current land prices with the higher density allowing for development feasible parcels.

The site is just "West of Wynwood" and within 2.5 miles of (Miami International Airport and Port Miami) Allapattah represents one of the central areas not yet over developed. Logistically, the Allapattah submarket is centrally located with critical roadways as well as multiple mass transit arteries. The Miami River borders the South Allapattah edge further enhancing the area's allure. The Western border is the Jackson UM medical community.

The Allapattah sub-market is poised to continue to experience growth and general improvement as the produce markets and industrial bays are replaced with "Miami design" skyscrapers. 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

"EARLINGTON HEIGHTS DEVELOPMENT"

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

County: Miami Dade Folio: 01-3127-001-0220, 01-3127-001-0410, 01-3127-001-0400 Proposed Units: 91 Proposed Square Feet: 132,846 ft - 212,617 ft Year Built: 1950 Lot Size (Acres): .62 # of Buildings: 1 # of Stories: 8-12 Proposed Parking: Structured Asking Price: $2,300,000 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE SURVEY

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

FULL SURVEY PAGE | CLICK HERE 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

DENSITY & INTENSITY

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

"'BY RIGHT"

FULL ZONING PAGE | CLICK HERE 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

DENSITY & INTENSITY

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

"WITH PUBLIC BENEFIT"

FULL ZONING PAGE | CLICK HERE 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

DEMOGRAPHICS & TRAFFIC COUNT

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

FULL DEMOS PAGE | CLICK HERE FULL TRAFFIC COUNT | CLICK HERE 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

CURRENT | PROPOSED

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE PROPERTY PHOTOS 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

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THE SUB-MARKET

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

ALLAPATTAH IS A NEIGHBORHOOD IN MIAMI, FLORIDA WITH A POPULATION OF 44,382. ALLAPATTAH IS IN MIAMI-DADE COUNTY.

LIVING IN ALLAPATTAH OFFERS RESIDENTS AN URBAN FEEL AND MOST RESIDENTS RENT THEIR HOMES.

ALLAPATTAH, WHICH HAS ABOUT 40,000 RESIDENTS AND STRETCHES WEST FROM WYNWOOD’S BORDER AT N.W. 7TH AVENUE TO N.W. 27TH AVENUE, AND RUNS NORTH-SOUTH FROM THE 112 EXPRESSWAY TO THE MIAMI RIVER. THE UM HEALTH DISTRICT SITS ON THE EASTERN EDGE, BUT UNTIL RECENTLY IT WAS ONE OF THE ONLY DISTINGUISHABLE SUB UNITS OF THE NEIGHBORHOOD.

“IT’S THE LAST UNDEVELOPED URBAN CORE NEIGHBORHOOD OF MIAMI PROPERTY,” EXPLAINS CITY HISTORIAN PAUL S. GEORGE.

THE AREA RECEIVING MOST ATTENTION FROM DEVELOPERS IS THE PART CLOSEST TO WYNWOOD. IN RECENT MONTHS A FEW "MEGA PROJECTS" HAVE BEEN APPROVED SHOWING THAT THERE IS NO LOSS OF MOMENTUM WITH THE GENTRIFICATION TAKING PLACE.

TO NAME A FEW: THE PLANNED MIAMI PRODUCE REDEVELOPMENT PROJECT: “FLOAT” A COLLECTION OF STAGGERED APARTMENT AND OFFICE BLOCKS ON STILTS OVER THE OLD ALLAPATTAH PRODUCE CENTER. THE CENTER’S THREE INDUSTRIAL-STYLE WAREHOUSES, EACH THE LENGTH OF TWO FOOTBALL FIELDS AND STILL OPERATING AS A PRODUCE MARKET, WOULD BE CONVERTED INTO RETAIL, A TRADE SCHOOL AND POSSIBLY EVEN AN URBAN FARM.

LISSETTE CALDERON 16 ALLAPATTAH, THE 12-STORY PROJECT WOULD ALSO INCLUDE 13,133 SQUARE FEET OF RETAIL AND 6,947 SQUARE FEET OF OFFICE. CALDERON’S FIRST PLANNED RENTAL PROJECT IS NEARBY, AT 1569-1652 NORTHWEST 17TH AVENUE. IN NOVEMBER, CALDERON’S TCG ALLAPATTAH 17 SUBMITTED A PERMIT APPLICATION FOR A 13-STORY, 192-UNIT APARTMENT BUILDING ON THE SITE. FOR 16 ALLAPATTAH, THE DESIGN REVIEW BOARD APPROVED FIVE WAIVERS THAT INCLUDE EXTENDING THE PARKING STRUCTURE AND COVERING ITS FAÇADE WITH AN ARTISTIC GLASS OR ARCHITECTURAL TREATMENT, AS WELL AS A 4 PERCENT INCREASE IN THE BUILDING’S FLOOR PLATE ABOVE THE EIGHTH STORY. THE PROJECT ALSO QUALIFIED FOR A 40 PERCENT PARKING REDUCTION AS A TRANSIT-ORIENTED DEVELOPMENT, BECAUSE THE SITE IS CLOSE TO THE SANTA CLARA METRORAIL STATION. 3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

RE/MAX 360 REAL ESTATE

NOTABLE ARTICLES

3501 NW 27TH AVE, MIAMI, FLORIDA, 33142

LISSETTE CALDERON BUYS LAND FOR THIRD RENTAL PROJECT IN ALLAPATTAH

Developer Lissette Calderon is planning another rental project in Miami’s Allapattah neighborhood.Calderon’s TCG Allapattah 14 LLC, an affiliate of Neology Life Development Group, paid $3.6 million for an assemblage at 1470 Northwest 36th Street, property records show. P26 LLC, led by Geoffrey Peckham, sold the parcels, which are in an Opportunity Zone. Calderon is planning Allapattah 14, a 237-unit rental building with ground- floor retail space on the site, according to a statement.

https://therealdeal.com/miami/2020/06/16/lissette- calderon-buys-land-for-third-rental-project-in- allapattah/

MIXED-USE PROJECTS FROM SWERDLOW, KUSHNER, TSG GROUP PROPOSED IN MIAMI

A handful of big name developers will present their projects in Overtown, Allapattah, Wynwood, and on the Miami River next week at the Miami Urban Development Review Board. The Swerdlow Group and Terra are proposing to build a mixed-use project with affordable and market-rate housing and retail space in Overtown.

https://therealdeal.com/miami/2020/02/13/mixed- use-projects-from-swerdlow-kushner-tsg-group- proposed-in-miami/? utm_source=internal&utm_medium=after_article&ut m_campaign=related_article

CFH GROUP PICKS UP ALLAPATTAH BANK BRANCH

Even in the midst of the coronavirus pandemic some deals are closing.Truist sold a bank branch in Miami’s Allapattah neighborhood for $6.9 million to a company tied to CFH Group, records show. The branch, at 1400 Northwest 20th Street, is on a 87,817-square-foot lot, equating to a price of $78 per square foot, according to records.Truist is the bank holding company based in Charlotte, North Carolina that was formed in December after BB&T and SunTrust merged. The bank branch in Allapattah was formerly a SunTrust branch.

https://therealdeal.com/miami/2020/03/23/cfh- group-picks-up-allapattah-bank-branch/ RE/MAX 360 REAL ESTATE

ABOUT US RE/MAX 360 REAL ESTATE

RE/MAX 360 Real Estate is a boutique full service real estate office located in the City of Coral Gables, FL; With a global brand and the unremitting work ethic and top-notch professional service of our three Co-Owners.

Agustin Duarte is the broker of record for REMAX 360. Agustin has been in the Real Estate profession since 1996. Currently specializing in land development, redevelopment, hospitality and industrial sales. Agustin is versed in zoning overlays, assemblage and general land “value add”.

"We help clients align with their real estate needs with financial and operational objectives throughout the city of Miami and South Florida." RE/MAX 360 REAL ESTATE

AGUSTIN DUARTE, CCIM BROKER | OWNER 305.450.5992 | [email protected]

RE/MAX 360 REAL ESTATE 4217 PONCE DE LEON BLVD | CORAL GABLES, FL 33146