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DORAL LAND58TH STREET
NW 58th St. Land is a 2.90-acre development site with 200 feet of frontage at
the intersection of NW 58th Street and 102nd Avenue in Doral (19,800 average
daily traffic count). The site is currently zoned CC (Corridor Commercial)
and has a future land use of Business. The Business land use designation
accommodates the full range of sales service activities including retail,
wholesale, personal and professional services, commercial and professional
offices, hotels, motels, hospitals, theaters, medical buildings, nursing homes,
entertainment and cultural facilities, amusement and commercial recreation
establishments. Building height is limited to no more than six (6) stories and
landscaped open space must comprise a minimum of 15% of a project site.
Floor area ratio (FAR) is limited to 0.5 for the first floor and 0.25 for every
additional floor, exclusive of structured parking. In the Business land use strip
immediately west of the Miami-Dade County Resource Recovery Facility along
(theoretical) NW 102nd Avenue, uses that exhibit 24-hour site usage such as
hotels, motels, hospitals, and nursing homes are not allowed.
The City of Doral is South Florida’s most rapidly urbanizing center and has
the fastest growing residential segment in Miami-Dade County including
single family, townhome, multi-housing rental and condominium projects with
over 17,000 residential units approved and in various stages of development.
The City has over 3,000 logistic related companies supporting national and
international trade; with sister cities throughout the world. Over 150,000
employees work in Doral and it is home to a wide variety of Fortune 500
companies and headquarters. National and international examples include
Carnival Corporation, Marriott International, Univision, Carnival, Pepsi, and
Ryder. The Miami Airport office submarket that encompasses Doral represents
the largest office market in Miami with over 10.6 million square feet of space.
The area surrounding the property boasts some of the strongest demographics
in Miami-Dade with an average income exceeding $78,000; more than 25%
higher than the county average. The property is surrounded by significant
commercial development but also dense residential populations.
OPPORTUNITY OVERVIEWOPPORTUNITY OVERVIEW
DORAL LAND INVESTMENT SUMMARY
Address NW 58th St. and 102nd Ave
Land Acreage 2.9
Zoning Corridor Commercial
Future Land Use Business
Type Office, Retail, Hotel
LOCATION (DORAL)
SIZE (ACRES)
DATE SOLD
BUYERSALE PRICE
4101 NW 25th St (3 Properties) 2.1 7/27/18 Withheld 3,800,000
4402 NW 87th Ave 2.1 3/22/18 Greystar Real Estate Partners 13,574,500
9480 NW 58th St (3 Properties) 2.6 4/27/17 Baptist Health South Florida (BHSF) 6,700,000
2550 NW 100th Ave (2 Properties) 3.0 12/29/17 Oscar Belloso 4,241,300
NW 66th St 3.0 1/12/17 Withheld Withheld
8181 NW 36th St (2 Properties) 4.1 11/9/15 Keystone Holdings Group 9,000,000
8400 NW 53rd St 4.7 5/2/17 Invesco Advisors, Inc. 6,352,500
COMPARABLE LAND SALES
1
7
5
4
2 6
3
COMPARABLE LAND MAP
1 4101 NW 25th St
2 4402 NW 87th Ave
3 9480 NW 58th St
4 2550 NW 100th Ave
5 NW 66th St
6 8181 NW 36th St
7 8400 NW 58th St
CHRISTOPHER WOOD
+1 954 745 5852
DORAL LAND58TH STREET
WWW.DORALLAND.COM
ALINA PLASENCIA
+1 305 381 6440