Property profile

20329 Old Cutler Rd Cutler Bay, FL 33189

OFF-MARKET
Lifestyle centers
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Property summary

AI-generated overview

This exceptional 158,800 square foot mixed-use development site presents a lucrative redevelopment opportunity in the highly desirable Cutler Bay, Florida area. Located at 20329 Old Cutler Rd, 33189, this property offers unparalleled potential for a variety of uses, including apartment buildings, hotels, and shopping centers. The asking price is $10,750,000. Its strategic location provides convenient access to major roadways, ensuring excellent connectivity for residents and patrons. The surrounding area boasts a vibrant mix of amenities, including numerous restaurants, shopping centers, a mall, and gas stations, creating a thriving and attractive environment. The property's size and zoning allow for significant development potential, catering to a wide range of investment strategies. This is an ideal location for investors seeking to capitalize on the strong demand for residential and commercial spaces in this rapidly growing South Florida market. The site's proximity to major transportation routes and a wealth of nearby amenities makes it an exceptionally attractive investment opportunity. This prime location offers a unique chance to create a thriving mixed-use development in a highly sought-after area. The property is zoned for hospitality, mixed-use, multifamily, office, and retail uses, providing flexibility for a variety of development plans. Consider the potential for a hotel, multifamily residential complex, or a combination of uses to maximize returns.

Property profile

Verified
Property type Lifestyle centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20329 Old Cutler Rd Cutler Bay, FL 33189
Cutler Bay metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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