This is a rare opportunity to acquire a 34,345 SF commercial development site (with a potential for up to 60,000 sqft) with direct frontage on US-1 and SW 214th Street, right in the heart of South Dade’s growing activity corridor. The property has outstanding visibility along one of Miami-Dade County’s busiest roadways, strong daily traffic counts, and easy access to surrounding residential neighborhoods, exactly what today’s mixed-use and multifamily developers are looking for. With the Florida Live Local Act in place, the site may qualify to exceed traditional density and height limits. It sits within a designated Rapid Transit Zone, and under current guidelines, a project can match the tallest approved building within a one-mile radius. A nearby approved development allows up to 25 stories, creating a strong precedent for vertical potential here.
214 S Dixie Hwy, Miami, FL, 33189
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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