5220 Biscayne BlvdMiami, FL 33137

This exceptional 18.9 million dollar development opportunity is located at 5220 Biscayne Boulevard in Miami, Florida, zip code 33137. The property, classified as Special Purpose, presents a unique chance for developers to capitalize on the Florida Live Local Act. This prime location offers stunning views and unparalleled access to thriving neighborhoods including Wynwood, Midtown, the Design District, and Bay Point. The site boasts impressive development parameters: a maximum density of 1,000 units per acre, or a total buildable square footage of 1,937,952. Further, the property allows for a Floor Area Ratio (FAR) of 36 and a maximum permitted height of 24 stories. This translates to a potential cost of approximately $9,950 per unit, making this a highly attractive investment. The property consists of two folios: 01-3219-001-0050 and 01-3219-021-0010. This is a rare chance to acquire a large parcel of land in a rapidly developing area of Miami with significant upside potential. Don't miss this opportunity to build a landmark project in one of Miami's most desirable locations.