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| The land is located on Biscayne Blvd. between NE 30th and NE 31st Street at 3023 Biscayne Boulevard in Miami, FL. |
MIAMI,
FL, April 16, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial
real estate investment services firm with offices throughout the United States
and Canada, today announced it has received the exclusive listing for two land
parcels totaling 20,240 square feet in downtown Miami, FL. The asset is priced
at $6,000,000.
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| Ryan T. Shaw |
Ryan T. Shaw, a
Senior Associate in Marcus & Millichap’s Miami office, has the exclusive
listing to market the property on behalf of a local private party seller.
“The property is located within blocks of new luxury
development projects including: Paraiso Bay, Biscayne Beach and Icon Bay as
well as class-A office buildings.
“With
several national retailers located nearby and easy access to the interstate, it
is the prefect mixed-use development opportunity for national tenants entering
the market. The residential component will capitalize on the demand of renters
who wish to live where they work and play,” says Shaw.
The
zoning, under Miami 21, is T6-36A-O. The zoning allows for a development of
242,880 square feet with a total height of 36 floors. The zoning buildable
units is approximately 69 units.
The land is located on Biscayne Blvd. between
NE 30th and NE 31st Street at 3023 Biscayne Boulevard in Miami, FL.
For a complete copy of the company’s news release, please
contact:
Kirk
A. Felici
First
Vice President/Regional Manager
Miami,
FL
(786)
522-7000
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