Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to present “The Residences of Gratigny Park” development site. The site consists of 2 parcels and encompasses approximately 1-acre (43,143 SF) of land located just off NW 119th Street, on the corner of NW 27th Place & NW 120th Terrace in unincorporated Miami-Dade, 33167. Northwest 119th Street is the main thoroughfare that interconnects west Miami-Dade to the I-95. The nearby signalized intersection averages 82,000 vehicles per day giving the location excellent visibility. The property is currently zoned UC-MC, which falls inside the urban mixed-use development boundary, allowing a building height of up to 12 stories, and the site currently has approved plans for a 168-unit multifamily development. The site has over one million square feet of newly developed distribution facilities in the surrounding area. The subject property is located just one block away from the newly constructed Amazon fulfilment center, the recently developed Eastview Commerce Center, multiple multifamily and community housing developments, and it is directly across the street from Miami-Dade College North Campus. The college campus has recently partnered with KIPP Academy and will begin developing a 120,000 square foot school building for K-12th grade, which will increase the demand for local housing. This site is a perfect location for a developer to obtain a project with very little work required to begin construction, as the site will be shovel ready once the building permit has been approved.