DOWNTOWN MIAMI DEVELOPMENT OPPORTUNITY PROPERTY FOR SALE EXECUTIVE SUMMARY PRIME DOWNTOWN MIAMI REDEVELOPMENT OPPORTUNITY 41 E FLAGLER STREET, MIAMI, FL 33132 PROPERTY OVERVIEW 41 East Flagler Street together with 62 NE 1st Street offers the opportunity to acquire for repurpose or redevelopment in the heart of Downtown Miami. This offering consists of 2 parcels containing two adjoining buildings on 36,750 square feet of land. Miami 21 zoning allows a developer to build up to 1,323,000 square feet and up to a 80 stories high with the use of public benefits. The area also minimum parking space requirements due to the proximity of a variety of public transportation services such as Downtown's metromover. High occupancy in office and residential buildings in the area have driven rental rate increases. According to Miami Downtown Development Authorities, the Greater Downtown area has seen a 30% rise in population since just 2010, elevating the population estimate for 2016 to 88,540. Pedestrian traffic drives retailers and residents alike to the Central Business District with a daytime population estimated at 234,976. PROPERTY HIGHLIGHTS PROPERTY SUMMARY • 150' Frontage on East Flagler Street. Sale Price: Subject To Offer • 100' Frontage on NE First Street. • T6-80-O Zoning. Lot Size: 0.84 Acres • 1,323,000 square feet development potential. • 844 buildable dwelling units. Building Size: 92,458 SF • Flagler Street Beautification Project underway. • Lower Parking Requirements due to Proximity to Metromover. Year Built: 1913 Zoning: T6-80-O Market: South Florida MARIANO SAAL SHEILA DREHER Sub Market: Downtown Miami Broker, Vice President Broker-Associate 305.918.2627 305.450.5551 [email protected] [email protected] TIR PRIME PROPERTIES | 3137 N.E.163RD STREET | NORTH MIAMI BEACH, FL 33160 | 305.944.5900 | WWW.TIRPRIMEPROPERTIES.COM DOWNTOWN MIAMI DEVELOPMENT OPPORTUNITY PROPERTY FOR SALE ADDITIONAL PHOTOS PRIME DOWNTOWN MIAMI REDEVELOPMENT OPPORTUNITY 41 E FLAGLER STREET, MIAMI, FL 33132 MARIANO SAAL SHEILA DREHER Broker, Vice President Broker-Associate 305.918.2627 305.450.5551 [email protected] [email protected] TIR PRIME PROPERTIES | 3137 N.E.163RD STREET | NORTH MIAMI BEACH, FL 33160 | 305.944.5900 | WWW.TIRPRIMEPROPERTIES.COM DOWNTOWN MIAMI DEVELOPMENT OPPORTUNITY PROPERTY FOR SALE LOCATION MAPS PRIME DOWNTOWN MIAMI REDEVELOPMENT OPPORTUNITY 41 E FLAGLER STREET, MIAMI, FL 33132 MARIANO SAAL SHEILA DREHER Broker, Vice President Broker-Associate 305.918.2627 305.450.5551 [email protected] [email protected] TIR PRIME PROPERTIES | 3137 N.E.163RD STREET | NORTH MIAMI BEACH, FL 33160 | 305.944.5900 | WWW.TIRPRIMEPROPERTIES.COM DOWNTOWN MIAMI DEVELOPMENT OPPORTUNITY PROPERTY FOR SALE DEMOGRAPHICS MAP PRIME DOWNTOWN MIAMI REDEVELOPMENT OPPORTUNITY 41 E FLAGLER STREET, MIAMI, FL 33132 1 Mile 2 Miles 3 Miles Total Population 27,356 102,489 195,963 Population Density 8,708 8,156 6,931 Median Age 36.1 37.6 38.1 Median Age (Male) 35.7 36.8 37.0 Median Age (Female) 36.2 38.6 39.2 Total Households 12,875 44,776 78,132 # of Persons Per HH 2.1 2.3 2.5 Average HH Income $49,899 $54,539 $51,281 Average House Value $427,134 $451,373 $443,458 * Demographic data derived from 2010 US Census MARIANO SAAL SHEILA DREHER Broker, Vice President Broker-Associate 305.918.2627 305.450.5551 [email protected] [email protected] TIR PRIME PROPERTIES | 3137 N.E.163RD STREET | NORTH MIAMI BEACH, FL 33160 | 305.944.5900 | WWW.TIRPRIMEPROPERTIES.COM.