8 Street Assemblage Development

Development assemblage within the City of Miami. Currently the property consist of four income producing properties; Two hotels, one restaurant and one paint store. The annual gross income is approximately $200,000 (not verified). These properties are currently zoned hotel/motels, multifamily urban core T6-8-0 zone including commercial, civic, educational and industrial. Site development standards are 150 dwelling units/acre, floor area ratio of 5, maximum lot coverage of 80%, minimum set-backs: front 10’0”, sides 0’0”, side street 0’0”, rear 0’0”. Underground parking allowed. Possible structure of eight stories with 27,000 SF each floor. This site can be developed as apartments, or a hotel with retail stores and restaurants on ground floor.