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Exclusive Listing

Citadel

49 NW 5th Street, Miami, FL 33128 (VIEW MAP)

A development site with existing income

PROPERTY DETAILS

Colliers International Urban Core Division is pleased to offer the opportunity to acquire the Citadel: a +/- 38,000 SF, core trophy development site positioned directly east to the entrance of MiamiCentral Station. Citadel is a true covered land play with an existing office structure producing over $1.8M in Net Operating Income annually.

The site’s current zoning allows developers the ability to construct up to 60 stories of residential, office, hotel, retail and general commercial uses – while being surrounded by over $4B in planned development from Miami World Center.

Altogether, this offering presents a rare opportunity to acquire a cash flowing trophy site while positioning the property for future ground-up development.

Property Details

 

Address: 49 NW 5th Street/ 50 NW 6th Street, Miami, FL 33128
Building Size: 47,398 SF
Lot Size: 37,857 SF
Zoning: T6-60a O
Folio(s): 01-0106-040-1140
01-0106-040-1080

 

Development Summary

 

FLR Allowable (FLR=11xLot): 416,427 SF
Buildable w/ Bonus: 624,641 SF
Units Allowed: 435
Building Height: 60 Stories
Building Height w/ Bonus: Unlimited per FAA approval

 

Urban Core Division
801 Brickell Ave #934
Miami, FL 33131

+1 (786) 486-4391

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