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RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land...

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Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning    AVENTURA LAND 18560 BISCAYNE BOULEVARD • MIAMI , FL 33180 Phone: (954) 361-0000 Fax: (954) 361-0070 4151 Hollywood Blvd Hollywood, FL 33020 www.DeMarcoGroup.com
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Page 1: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

Price: $3,900,000

9,844 Sq. Ft Vacant LandCorner of 186th St and Biscayne Blvd

A+++ LocationB­2 Zoning    

AVENTURA LAND18560 BISCAYNE BOULEVARD • MIAMI , FL 33180

Phone: (954) 361-0000 ● Fax: (954) 361-0070 ● 4151 Hollywood Blvd ● Hollywood, FL 33020 ● www.DeMarcoGroup.com

Page 2: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

John DeMarco, ACP, CCIM

954­453­1000

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The informationprovided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of thissoftware should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

TABLE OF CONTENTSProperty Summary   3

Property Description   4

Property Photos   5

Zoning   6

Maps and Aerials   16

Location Map   17

Business Map   18

Demographics   19

Page 3: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

PROPERTY SUMMARY18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Property SummaryAPN 2822030000220

Property Type Land

Purchase Price $3,900,000

Lot Size 9,844 Sq. Ft.

Zoning  B­2

Economy Overview Miami­Dade is Florida’s most populous county and also has the state’sbiggest  economy.  It  has  experienced  favorable  demographic  andeconomic conditions over the past five years. Local economic, job, anddemographic growth outpaced those of the U.S. across the board. Thecounty’s  population  has  grown  by  more  than  11%  over  the  pastdecade,  and  it  currently  stands  at  2,800,000.  Miami's  populationgrowth over  the past decade has been entirely driven by  internationalimmigration.  Strong  population  growth  drove  Miami’s  healthyhousehold  formation numbers. Households grew by close  to 5%,  thefastest  growth  rate  out  of  the  South  Florida  tri­county  area  over  thepast  five  years.  This  growth  was  also  1%  above  the  average  for  thecountry. Miami­Dade County’s labor market is also forecast to grow at

Page 03

Page 4: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

PROPERTY DESCRIPTION18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Rare opportunity to purchase 9,844 square feet of vacant land directly on the corner of NE 186th St. and BiscayneBlvd.  in Aventura, FL. This  is a true A+ location with traffic counts exceeding 70,000 vehicles per day zoned B2,which  includes  several  uses  including  sales  and  services  for  wholesale  facilities,  commercial,  strip  centers,shopping plazas and more. You will not find a site in Aventura with this type of visibility.

Major  neighboring  retailers  include Ross,  Fresh Market, Office Depot,  Saks OFF  5th,  Starbucks,  Bed Bath  andBeyond. The Aventura Mall, which is consistently ranked top 5 most visited malls in America with over 28,000,000annual visitors is located just 1.4 miles from the subject property. 

Page 04

Page 5: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

PROPERTY PHOTOS18560 Biscayne Boulevard | Miami , FL 33180

Page 05

Page 6: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Community Business (B2) District. This district is intended primarily to provide for general commercial activity for a wide

range of goods and services to the entire community and sub region. Such businesses generally require locations convenient for both vehicular and pedestrian traffic and would be expected to have orientation toward and direct access to arterial roadways.

(1)

Uses permitted. No building or structure, or part thereof, shall be erected, altered or used, or land used in whole or part for other than one or more of the following specific uses, provided the requirements set forth elsewhere in this section are satisfied:

a.

Any use permitted in a B1 District subject to the requirements of that district as outlined herein.

b.

Auditoriums.

c.

Automobile new parts and equipment, sales only.

d.

Bait and tackle shops.

e.

Banks, including drive-in teller service.

f.

Billiard rooms and pool rooms.

g.

Dancing halls or dancing academies in air conditioned buildings providing that such establishments are not located closer than 500 feet to an R District.

h.

Dog and pet hospitals in air-conditioned buildings. (See § 1-17.)

i.

Dry cleaning establishments, using noninflammable solvents in self-contained dry cleaning units of the Prosperity type or Dedrick type or an equal, provided such establishments contain not more than 4,000 square feet of floor area.

j.

Electrical appliance and fixture stores including related repair shops.

k.

Employment agencies.

l.

Furniture stores, retail of new merchandise only.

m.

Page 06

Page 7: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Grocery stores and supermarkets.

n.

Handcrafted-products shop.

o.

Health and exercise clubs and spas.

p.

Department stores.

q.

Lawn mowers, retail, sales and service.

r.

Mortuaries or funeral homes.

s.

Motorcycles sales and repairs.

t.

Pet shops operated in compliance with section 1-17 of the City Code and dog beauty parlors in air-conditioned buildings.

u.

Post office stations and branches, which directly serve the public.

v.

Liquor package stores.

w.

Restaurant, night clubs, lounge, and catering.

1.

Outdoor play equipment: Play equipment areas shall be placed in walled-in or fenced-in areas only. The wall design and/or fence must be compatible in design, materials, and color with the main structure. Between any such areas and adjoining sidewalks, parking spaces or other vehicular use areas, a landscape strip of no less than five feet shall be provided containing trees and tall shrubs of three feet minimum height. Play equipment shall be limited to a maximum height of ten feet or the height of the fascia, whichever is lower. The colors of the play equipment shall be compatible with the main building colors.

x.

Printing shops.

y.

Automobile parking garages, not over six stories in height.

z.

Office parks.

aa.

Page 07

Page 8: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Indoor commercial recreation uses limited to martial arts, dance and exercise studios. There shall be a maximum of 2,500 square feet of total floor area per establishment and no more than one per business center.

bb.

Automatic car washes are permitted as an accessory use subject to the following conditions:

1.

The car wash must be accessory to and operating as a secondary service to the service station.

2.

The accessory operation shall be fully automatic requiring no employees for car wash related services.

3.

Maximum capacity of the accessory car wash shall be one vehicle.

4.

The accessory car wash must have a working oil/sand interceptor to which all drainage from the car wash must flow.

5.

Buffering where the accessory building includes an opening of at least eight feet in width or height:

i.

Where said building is 60 feet or less from "R" zoned land and the opening faces the "R" zoned land, a wall or berm eight fee t in height shall be required to screen the opening. The berm, together with any plantings, shall be a minimum of six feet in height at the time of installation. The berm and plantings shall be maintained at an eight-foot height and shall be designed and maintained in a manner that will provide an opaque visual buffer.

ii.

Where the opening is located on the front or immediate streetside elevation of a building, a wall with a height of five feet shall be required to screen the opening. A five-foot landscape strip shall be provided on the streetside of said wall. The strip shall be landscaped with a minimum of two trees, and two shrubs or vines for each five feet of wall.

iii.

Alternate methods of achieving the opaque visual buffer may be approved by the Community Development Director.

6.

In no event shall required walls, berms or plantings conflict with the required Sight Visibility Triangle.

cc.

Hand car washes are permitted as an accessory use subject to the following conditions:

1.

The car wash must be accessory to and operating as a secondary service of the service station.

2.

The accessory car wash must meet all landscape and buffering requirements as outlined in this chapter.

3.

The accessory car wash must have a working oil/sand interceptor to which all drainage from the car wash must flow.

Page 08

Page 9: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

4.

Hours of operation shall not exceed hours of operation of the service station.

5.

Traffic circulation standards on-site shall provide a minimum of six vehicle stacking spaces, which spaces may be utilized as stacking spaces, separate parking spaces or a combination of the two. Any stacking shall be located in such a way as to avoid conflicts and provide safe turning movements.

dd.

Hotels, motels, resorts and time share units, subject to the following:

1.

The minimum plot area shall be 1.5 acres.

2.

Any outdoor recreation areas including swimming pools shall be located at least 25 feet from the plot line of any adjacent residentially zoned property and screened from any such adjacent properties in accordance with the landscape code.

3.

The minimum floor area of a rental sleeping room in a motel or hotel, which includes all areas to be individually rented by a customer, shall be 300 square feet.

ee.

Stores for the sale or purchase of previously owned jewelry and/or previously owned precious metals, directly to the ultimate consumer only, except that sales and purchases may be made between vendors occupying the same unit or establishment. Such stores shall provide a security plan for review and approval by the City Manager or his designee.

ff.

Accessory uses and structures.

gg.

For parcels that include one or more shopping center buildings that contain a total of more than 1,000,000 square feet of gross leasable area and do not exceed five stories in height, an electric vehicle retail showroom conforming to the following criteria:

1.

No more than one electric vehicle retail showroom shall be allowed on the parcel;

2.

No on-site vehicle storage/stock beyond the showroom and vehicles for test drives shall be allowed;

3.

No more than six electric vehicles produced by the electric vehicle motor company shall be stored on site, outside of the showroom, to be used for test drive purposes;

4.

No delivery of vehicles and/or service of vehicles shall be permitted on site; and

5.

Page 09

Page 10: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Prior to establishment of the use, a plan describing the proposed location of the test drive vehicles, the proposed hours and proposed location of test drives shall be submitted for review and approval of the City Manager. Such review and approval will include, but is not limited to, consideration of traffic patterns and traffic conditions in the parcel and in the City as a whole.

(2)

Conditional use. The following uses if first approved as a conditional use:

a.

Regional malls.

b.

Dockage for and boats carrying passengers on excursion, sightseeing, pleasure or fishing trips.

c.

Automobile washing.

d.

Self storage facility.

e.

Heliport landing sites.

f.

Auction sales.

g.

Indoor commercial recreation uses including, but not limited to: theater, bowling center, miniature golf, skating rink, health clubs and physical fitness facilities.

h.

Service stations, subject to the following regulations:

1.

The minimum lot area shall be 20,000 square feet.

2.

The minimum frontage on a street shall be 150 feet.

3.

The minimum setback of any building from all street lot lines shall be 65 feet.

4.

The minimum setback of gasoline pumps from any street lot lines shall be 50 feet.

5.

At the terminus of any pump island, a planter area of a minimum of two feet shall be provided to accommodate a small tree (ten feet maximum) and ground cover/shrubs.

6.

Page 10

Page 11: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Gasoline vent stacks are to be placed either in the rear half of the property, or away from the street enclosed within a decorative structure or painted an inconspicuous color.

7.

Parking shall be permitted only in designated areas except when the vehicle is fueling.

8.

Service stations within 200 feet of properties in residential, community facility or parks and recreation zoning districts shall protect those properties from headlight glare, undesirable noise and views by the following:

i.

A decorative masonry wall, of uniform appearance six feet in height, above finished grade, except along street frontages abutting a right-of-way with a width of 80 feet or greater.

ii.

A five-foot wide landscape area which shall be outside the wall and consist of a two-foot high continuous hedge at the time of planting and be maintained at a height of at least four feet.

iii.

Such masonry wall and landscaping shall be maintained in good condition at all times. This masonry wall and landscaping may b e interrupted by normal entrances or exits, and shall have no signs hung or attached thereto.

9.

All services except those routinely performed at full service pump island shall be conducted within the building. No major repairs shall be performed (not including air, water or vacuum).

i.

Uses that exceed the height limitations, up to a maximum of 20 stories or 200 feet.

j.

Automobile parking garages, exceeding two stories but not over six stories in height, as a stand-alone use.

k.

All uses permitted in the CF District.

l.

For buildings that attain LEED® Gold or Platinum certification as provided in article VI of chapter 14 of the City Code, increased lot coverage, provided that a green roof and/or green rooftop amenities are provided and maintained for the common benefit of building occupants; and, that increased Florida-Friendly tree canopy and Florida-Friendly plantings designed to calm the heat island effect are located on site, all in an amount equal to the requested increased lot coverage.

m.

For buildings that attain LEED® Gold or Platinum certification as provided in article VI of chapter 14 of the City Code, increased floor area ratio, not to exceed a floor area ratio of 2.0.

n.

Automobile parking garages located directly adjacent to an automobile parking garage located in a multifamily residential zon ing district that do not meet the height and distance requirement of subsection 31-144(c)(5)b. and that include the following design elements:

1.

The automobile parking garage is the same height or less than an existing or approved automobile parking garage located on an adjacent residential plot;

Page 11

Page 12: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

2.

The top level of the automobile parking garage is completely screened from view of the adjacent residential plot; and

3.

The openings along the exterior perimeter walls of the automobile parking garage walls within 200 feet of a residential zoned plot shall be screened to minimize adverse effects on the adjacent residential lot.

o.

For projects located on the same site as an existing office building or buildings, which office building or buildings was/were constructed before October 6, 2009 as evidenced by a temporary certificate of occupancy or certificate of occupancy and does/do not meet LEED® Gold or Platinum certification, the bonuses in l. and m. above shall be calculated based on the applicant's total site area, provided that the new construction that attains LEED® Gold or Platinum certification is the same size or larger than the total square footage of the existing office building or buildings.

(3)

Uses prohibited. The permitted uses enumerated in this district shall not be construed to include, either as a principal or accessory use, any of the following:

a.

Any use not specifically permitted.

b.

Adult entertainment establishments as defined in the Land Development Regulations.

c.

Sale of goods to other than the ultimate consumer, except the sale of previously owned jewelry and previously owned precious metals between vendors occupying the same unit or establishment.

d.

Off-premises catering.

e.

Sales, display or storage of used merchandise, other than antiques and previously owned jewelry and previously owned precious metals in accordance with paragraph (c)(1)(ee).

f.

Purchase of used goods, other than previously owned jewelry and previously owned precious metals in accordance with paragraph (c)(1)(ee).

g.

Pawnshops.

h.

Sale of fruit or merchandise from trucks, wagons or other vehicles parked on or along public or private streets or from open stands or vacant lots. Such business on private or public property shall be conducted only from within approved permanent substantial buildings.

(4)

Limitations of uses and structures. All activities of permitted uses, including sale, display, preparation and storage shall be conducted within a completely enclosed building except as follows:

a.

Page 12

Page 13: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Open-air retail sales of plant materials not grown on-site, home garden supplies and related merchandise (garden shop) are permitted as an accessory use to a retail business subject to the following conditions:

1.

The garden shop must be accessory to and operating as a part of a retail business.

2.

Total square footage of the garden shop shall not exceed the total square footage of floor space within the principal retail business.

3.

An accessory garden shop shall be enclosed by at least an eight-foot wall; the wall on the side contiguous to the main structure must be solid concrete or masonry; however, the three noncontiguous walls may be constructed with up to 50 percent of the eight-foot height in these locations consisting of decorative or ornamental fencing (not chain link fencing or similar materials). No machinery, supplies, inventory, products, equipment or other materials other than living plant materials and the pots in which they are planted, shall be visible through the openings in the wall from the property line of the development boundary. One side of the garden center shall be contiguous to the principal use to which it is accessory.

4.

Stocking of the garden shop shall be done internally or through a single gate at the rear of the premises.

5.

No more than one other gate in addition to the gate described in 4. above, at the rear of premises shall be provided to allow bulky items to be carried out for customer pickup.

b.

Any storage activity must be enclosed by a concrete or masonry wall at least eight feet in height. No machinery, supplies, inventory, products, equipment or materials, other than landscaping, exceeding eight feet in height shall be allowed in such permitted area.

c.

Outdoor seating area when utilized as an accessory use to a restaurant.

d.

Play areas of day nurseries or public or private schools.

e.

Any drive-through business.

f.

Refueling areas of vehicle service stations.

g.

Tennis, racquetball, squash and handball courts, swimming pools, and running tracks, and outdoor seating areas appurtenant thereto.

h.

Overhead doors or other openings larger than eight feet in width and eight feet in height shall not be located on the front or immediate streetside elevations of buildings. If oriented toward contiguous residentially zoned land said opening shall be screen ed with a masonry or stucco wall in accordance with the requirements contained in this chapter.

(5)

Site development standards.

a.

Page 13

Page 14: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Floor area ratio and lot coverage and minimum landscaped open space requirements:

1.

For all buildings: Any structure parking serving the primary use on the site shall be incorporated into the building envelope and shall be compatibly designed. Such parking structure shall comply with all minimum setback and buffer yard requirements.

2.

The floor area ratio shall be 0.40 at one story and shall be increased by 0.11 for each additional story. Structure parking shall not count as part of the floor area, but shall be counted in computing building height. The total lot coverage permitted for all buildings on the site shall not exceed 40 percent of the total lot area, except as provided in subsection 4. or 5. below. The floor area ratio shall not exceed 2.0 for all buildings in this district in conformance with the comprehensive plan.

3.

For shopping center buildings with more than 1,000,000 square feet of gross leasable area that provide public amenities including, but not limited to, public plazas, fountains or other water features, seating areas and recreational walking areas and that do no t exceed five stories in height, the minimum landscaped open space shall be 15 percent of the total lot area. Said open space shall be extensively landscaped with grass, trees and shrubbery in accordance with a landscape plan to be approved by the city manager. The non -leasable areas within enclosed or non-enclosed malls which are landscaped with grass, trees and/or shrubbery, water areas therein, and areas therein with permanent art display areas may be used as part of the required landscaped open space provided such areas do not exceed ten percent of the required landscaped open space.

4.

For parcels that include one or more shopping center buildings, the maximum lot coverage shall not exceed 45 percent of the total lot area, provided that such shopping center buildings contain more than 1,000,000 square feet of gross leasable area and do not exceed five stories in height, and that the shopping center building provides a centralized multi -modal transportation facility which is enclosed within a parking structure, and which may be used by city transit providers, county transit providers, any other governmental entities requesting use of the facility and private transit providers. The maximum lot coverage may be increased by an amount up to th ree percent, to a total not exceeding 48 percent of the total lot area, if the parcel owner(s) enter into an agreement with the City to provide major transportation improvements that are recommended by the City Manager and that may include linkage to railway passenger service and/or other linkage to a regional transportation facility. Such agreement shall allocate the additional lot coverage obtained under this section, shall be in a form satisfactory to the City Manager and City Attorney, and shall not be effective unless approved by motion or resolution of the City Commission.

5.

For parcels that are adjacent (sharing a property line) to a property zoned as recreation open space (ROS) District and are j oined to the parcel by a unity of title or covenant in lieu of unity of title, in form acceptable to the city manager and city attorney and recorded in the public records of Miami-Dade County, Florida, the maximum lot coverage shall not exceed 55 percent of the total lot area of the B2 zoning parcel, provided that the ROS land area is no less than 200 acres in size and provided that any clubhouse and/or conference center buildings on the B2 zoning parcel do not exceed two stories in height.

b.

Maximum height: 12 stories or 120 feet overall maximum height, including structure parking, provided that a height limitation of five stories shall apply only for shopping center buildings which are subject to subsection (5)a.4., above. That portion of the bu ilding or structure directly adjacent to and within 200 feet of any residential zone shall be subject to a height limitation of one foot for every two feet in distance from the residential zoned plot unless the application of this requirement would limit the building height to a minimum of 25 feet, excepting from this height and spacing requirement an automobile parking garage approved as a conditional use pursuant to subsection 31-144(c)(2)n.

c.

Minimum lot area and width: There shall be no minimum required width or area of plot except as otherwise provided.

d.

Setbacks:

Front yard: Not less than 25 feet in depth.

Street side yard: Not less than 20 feet in depth.

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Page 15: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

ZONING18560 Biscayne Boulevard | Miami , FL 33180

The  accuracy  of  all  information,  regardless  of  source,  including but  not  limited  to  square  footages  and  lot  sizes,  is  deemedreliable  but  not  guaranteed  and  should  be  personally  verified  through  personal  inspection  by  and/or  with  the  appropriateprofessionals.

Side and rear yard: There is no side or rear yard setback required for a plot which is not adjacent to a street or alley. A side and rear yard setback of 20 feet in depth is required for a plot adjacent to a residentially zoned district, street or alley.

e.

Structure parking: All structure parking shall be compatibly designed to complement the primary use structure for which it serves. Parking structure ceiling heights shall be seven feet six inches except where greater heights may be required by other regulatory agencies. Pipes, ducts and mechanical equipment installed below the ceiling shall not be lower than seven feet zero inches above finish floor.

f.

Development and redevelopment shall be subject to the criteria set out in this section.

(6)

Aboveground storage tanks. Aboveground storage tanks (AST) are permitted as an accessory use only for the purpose of storing fuel for emergency generators. Such ASTs must conform to the following requirements:

a.

Be of 2,000 gallons capacity or less.

b.

Be installed and operated under a valid permit from the Miami-Dade County Department of Environmental Resources Management.

c.

Be located within a walled service court area or be fully screened by a masonry or concrete wall with a self-closing and locking metal door or gate. Such wall shall be landscaped in accordance with the City's Landscape Code. ASTs located within a service court area must be located atop a curbed reveal and shall be protected from turning and backing trucks with bollards.

d.

Be located in a manner consistent with the site development standards of the B2 zoning district.

Installation of any AST shall require a building permit from the City. Application for building permit shall be accompanied by a site plan indicating the location of the AST relative to property lines, the primary structure served by the AST, any other structures within 300 feet. A landscape plan prepared by a Florida licensed architect or landscape architect and other supporting documentation shall be provided if required by the City.

Page 15

Page 16: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

MAPS AND AERIALS18560 Biscayne Boulevard | Miami , FL 33180

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verifiedthrough personal inspection by and/or with the appropriate professionals.

Page 16

Page 17: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

LOCATION MAP18560 Biscayne Boulevard | Miami , FL 33180

Page 17

Page 18: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

BUSINESS MAP18560 Biscayne Boulevard | Miami , FL 33180

Page 18

Page 19: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

DEMOGRAPHICS18560 Biscayne Boulevard | Miami , FL 33180

Population 1 Mile 3 Mile 5 Mile

Male 10,155 (46.60 %) 79,393 (47.01 %) 186,529 (47.21 %)

Female 11,635 (53.40 %) 89,477 (52.99 %) 208,539 (52.79 %)

Total Population 21,790 168,870 395,068

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 18,776 119,325 214,808

Population Black 1,574 38,586 156,414

Population Am In/Ak Nat 11 32 104

Housing 1 Mile 3 Mile 5 Mile

Housing Units 13,874 99,929 212,831

Occupied Units 10,111 73,025 162,960

Owner Occupied Units 6,086 44,139 93,658

Renter Occupied Units 4,025 28,886 69,302

Vacant Units 3,763 26,904 49,871

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Page 20: RealNex Investment Analysis Software · 2019. 8. 21. · Price: $3,900,000 9,844 Sq. Ft Vacant Land Corner of 186th St and Biscayne Blvd A+++ Location B2 Zoning AVENTURA LAND 18560

DEMOGRAPHICS18560 Biscayne Boulevard | Miami , FL 33180

Household Income 1 Mile 3 Mile 5 Mile

Median Income $64,045 $53,090 $48,008

Less than $10,000 588 6,246 13,787

$10,000 ­$14,999 630 5,070 10,594

$15,000 ­ $19,999 452 4,337 10,478

$20,000 ­$24,999 560 4,250 9,987

$25,000 ­ $29,999 473 3,784 10,394

$30,000 ­ $34,999 598 3,775 9,105

$35,000 ­ $39,999 410 4,118 9,523

$40,000 ­ $44,999 462 4,103 8,743

$45,000 ­ $49,999 372 3,081 7,521

$50,000 ­ $59,999 995 5,575 13,140

$60,000 ­ $74,999 1,011 6,652 15,827

$75,000 ­ $99,999 982 7,040 15,424

$100,000 ­ $124,999 1,039 4,729 9,169

$125,000 ­ $149,999 593 2,411 4,438

$150,000 ­ $199,999 344 2,332 4,477

Greater than $200,000 641 3,819 5,990

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0­4 947 (4.35 %) 7,998 (4.74 %) 20,828 (5.27 %)

Ages 5­9 1,177 (5.40 %) 10,214 (6.05 %) 26,008 (6.58 %)

Ages 10­14 1,075 (4.93 %) 9,660 (5.72 %) 24,196 (6.58 %)

Ages 15­19 1,025 (4.70 %) 9,248 (5.48 %) 23,012 (5.82 %)

Ages 20­24 996 (4.57 %) 9,151 (5.42 %) 23,068 (5.84 %)

Ages 25­29 1,046 (4.80 %) 9,154 (5.42 %) 23,181 (5.87 %)

Ages 30­34 1,216 (5.58 %) 9,452 (5.60 %) 23,572 (5.97 %)

Ages 35­39 1,467 (6.73 %) 10,173 (6.02 %) 24,660 (6.24 %)

Ages 40­44 1,680 (7.71 %) 11,057 (6.55 %) 26,284 (6.65 %)

Ages 45­49 1,694 (7.77 %) 11,677 (6.91 %) 27,548 (6.97 %)

Ages 50­54 1,547 (7.10 %) 11,532 (6.83 %) 26,949 (6.82 %)

Ages 55­59 1,367 (6.27 %) 10,980 (6.50 %) 25,171 (6.37 %)

Ages 60­64 1,233 (5.66 %) 10,112 (5.99 %) 22,378 (5.66 %)

Ages 65­69 1,105 (5.07 %) 8,910 (5.28 %) 19,084 (4.83 %)

Ages 70­74 993 (4.56 %) 7,673 (4.54 %) 15,961 (4.04 %)

Ages 75­79 892 (4.09 %) 6,539 (3.87 %) 13,054 (3.30 %)

Ages 80­84 753 (3.46 %) 5,219 (3.09 %) 10,006 (2.53 %)

Ages 85+ 1,577 (7.24 %) 10,121 (5.99 %) 20,108 (5.09 %)

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