9232 SW 84 Avenue, Miami, FL, 33156 | $6,700,000

MULTIFAMILY DEVELOPMENT OPPORTUNITY! Approximately ±1. 75 gross acres being advanced through the County entitlement process for a proposed 79-unit community. The proposed density is based on applicable County land use policies permitting 36 units per gross acre, together with the County's Workforce Housing density incentive program, including approximately 8 workforce housing units. Significant pre-development work has already been completed, including conceptual site planning, architectural floor plans, building elevations, preliminary engineering coordination, pre-application meetings with Miami-Dade County, and a traffic study currently in progress. Existing public water and sewer service all three lots. The proposed development features three-story residential buildings (voluntarily restricted to enhance neighborhood compatibility) with approximately 81 surface parking spaces. Preliminary coordination with County reviewing departments has reportedly produced no initial objections; however, all density, zoning, and development rights remain subject to the County's formal rezoning, Site Plan Review (SPR), public hearings, and final governmental approvals. Seller will consider transferring the existing single-purpose LLC, allowing a purchaser to continue the entitlement process, subject to independent legal and tax review. Comprehensive due diligence package available for qualified purchasers. Exceptional opportunity to acquire approximately ±1. 75 gross acres currently improved with three single-family residences that are being advanced through the Miami-Dade County entitlement process for a proposed 79-unit multifamily residential development. Unlike a typical land acquisition requiring a purchaser to begin the entitlement process from the beginning, this project has already undergone substantial planning, architectural, engineering and land use analysis, positioning it well beyond the conceptual stage. The proposed development is designed as a thoughtfully planned three-story multifamily community with approximately 81 surface parking spaces. Although the proposed MCD zoning may permit additional building height, the development team has voluntarily restricted the project to three stories to improve compatibility with the surrounding single-family neighborhood and reduce entitlement risk. The Seller is willing to transfer ownership through the sale of the existing single-purpose LLC, allowing a purchaser to continue the entitlement process through the current ownership entity, subject to the purchaser's legal and tax review. This opportunity is ideal for multifamily developers, private equity groups, family offices, builders, and institutional investors seeking a project with substantial entitlement work already completed. PROJECT STATUS SUMMARY• Approximately ±1. 75 Gross Acres• Three Existing Single-Family Homes• Proposed 79 Multifamily Residential Units• Density Based Upon 36 Units Per Gross Acre• Approximately 25% Workforce Housing Density Bonus• Approximately 8 Workforce Housing Units• Proposed Three-Story Development• Approximately 81 Surface Parking Spaces• Existing Water & Sewer Service• Architectural Plans Completed• Floor Plans Completed• Building Elevations Completed• Preliminary Engineering Coordination Underway• Traffic Study Underway• Pre-Application Meetings Completed• Preliminary County Coordination Completed• Formal Rezoning & Site Plan Review PendingFREQUENTLY ASKED QUESTIONSWhat allows approximately 79 residential units?The proposed density is based upon the property's location within approximately one-half mile of the County's Smart Corridor planning area, permitting approximately 36 units per gross acre. The project further utilizes the County's Workforce Housing density bonus program, allowing an approximate 25% increase in density through the inclusion of workforce housing units. The project is proceeding through the County's existing zoning and land use regulations and is not being developed under the Florida Live Local Act. Is the project fully approved?No. The project has advanced substantially through planning and pre-development but has not yet received final governmental approvals. Purchasers should view this as an advanced entitlement opportunity rather than a fully approved development. What work has already been completed?The development team has completed or substantially completed: • Preliminary land use analysis• Conceptual site planning• Architectural floor plans• Building elevations• Preliminary engineering coordination• Pre-application meetings• Initial County coordination• Preliminary utility review• Parking layout• Preliminary development designAccording to project counsel, preliminary coordination with County reviewing departments has produced no reported objections at this stage. What approvals remain?Remaining approvals generally include: • Formal rezoning application• Site Plan Review (SPR)• County staff review• Advisory board recommendations• Public hearings• Final County approvals• Engineering approvals• Building permitsGovernment schedules remain subject to change. Is the proposed density guaranteed?No. While the proposed density is supported by the current planning analysis and applicable Workforce Housing incentives, all development rights remain subject to the County's formal approval process. No purchaser should rely upon the proposed unit count until all governmental approvals have been issued. Why only three stories?Although the proposed zoning could potentially allow greater height, the development team voluntarily elected to restrict the project to three stories. This design decision was made to: • Improve neighborhood compatibility• Minimize community opposition• Enhance the entitlement processThe restriction is anticipated to be documented through a Declaration of Restrictions. What parking is proposed?Current plans provide approximately: • 81 surface parking spaces• No structured parking garageFinal parking requirements remain subject to governmental approval. Are utilities available?The existing three residential parcels are presently served by public: • Water• SewerPurchasers should independently verify utility capacity, availability letters, impact fees, and connection requirements during their due diligence period. Has traffic been evaluated?A professional traffic impact study is currently underway. The study is intended to demonstrate compatibility with surrounding roadways and evaluate traffic circulation associated with the proposed development. Have County departments expressed concerns?According to project counsel, preliminary coordination with County reviewing departments has produced no reported objections to date. Formal reviews remain part of the entitlement process. Can a purchaser continue the entitlement process?Yes. The Seller is willing to transfer ownership through the sale of the existing single-purpose LLC, allowing a purchaser to continue the entitlement process through the existing ownership structure, subject to in

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