PALMER LAKE DEVELOPMENT SITE

2355 & 2495 NW 35th Avenue,

Miami, FL 33142

Price:

$14,000,000

Total Units:

250 Units Per Acre (367 Units)

Zoning

PLMUC

Lot Size:

63,990 SF – 1.469 Acres

INVESTMENT HIGHLIGHTS

Prime Development Opportunity: Two contiguous parcels totaling 63,990 SF (1.469 Acres) located near Freedom Park (future home of Inter Miami Soccer team) zoned for residential or hospitality projects.
High-Density Zoning: Situated in the PLMUC zoning district allowing for up to 250 apartment units per acre (367 units) or 375 hotel/motel/apt hotel rooms per acre (550 rooms).
Competitive Pricing: Priced at $38,121 per buildable apartment unit or $25,414 per buildable hotel room.
Strong Market Demographics: 600,000 residents within a 5-mile radius and directly east of Miami International Airport, ensuring a strong potential customer base for any development.

EXCLUSIVELY LISTED BY

AARON O'CONNOR

First Vice President Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
Fax: (954) 206-0420
License: SL FL 3174354
joseph.thomas@marcusmillichap.com