228 Se 9th St, Hallandale Beach, FL 33009

$9,499,000

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List Price
$9,499,000
MLS#
A12040786
Status
ACTIVE
Type
Commercial

Property Description

Mixed-Use Development Opportunity to acquire a nearly 1-acre assemblage in one of South Florida’s most active redevelopment corridors. Comprised of 6 folios totaling approximately 43,125 SF, this site received a full Development Review Committee (DRC) Approval for a mixed-use project, approximately 78,000 buildable SQ/FT. featuring residential & commercial components, allowing a developer to bypass much of the entitlement process and accelerate delivery. Key advantage of approval is the ability to utilize surface-level parking, resulting in substantial construction cost savings compared to projects requiring structured parking. Located in a Opportunity Zone & RAC (Regional Activity Center), benefiting from flexible development options & city initiatives designed to encourage investment, density & economic growth. Positioned just west of Gulfstream Park, few blocks north of Aventura Hospital/Medical Center and future Uptown Aventura mixed-use district, the site offers exceptional access to major employment centers, retail destinations, entertainment venues, and key transportation corridors. This is a rare opportunity for developers, investors, and OZ buyers to acquire a fully approved mixed-use development site which incudes income-producing multi-family w/ below-market rent, reduced entitlement risk & construction-cost advantages in one of South Florida’s most dynamic growth markets. The Seller is open to outright sale or potential joint ventures for the subject property.

Additional Information

Days on Market
28
Tax Amount
$18,952
Parcel Number
514227140370
Lot Size
13,224
Address
228 Se 9th St, Hallandale Beach
Development Name
Hallandale Park
Development
Hallandale Park
Section
27

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Listing Courtesy of Douglas Elliman, Contact: