5950 Sunset Dr South Miami, FL 33143-5188
- Office buildings
- 9,736 SF
- 0.66 lot acres
Current Use by Public Records
- Bruno Jorge C MD / Ophthalmologist
- Joyce Eugene MD / Physiatrist
- Scott H. Schecter, OD / Doctor
- Ponce Roberto A OD / Optometrist
- Dr. Janis I. Dzelzkalns, MD / Ophthalmologist
Property Details for 5950 Sunset Dr
- Year built
- 1968
- Construction
- CONCRETE
- Lot size
- 0.66 lot acres
- Property size
- 9,736 SF
- Zone code
- RES/COMMERCL 2 STORY MAX
- Property type
- Office buildings
- APN
- 09-4036-026-0010
- APU
- 940360260010
Description
This exceptional 0.56-acre commercial land parcel, located at 5950 Sunset Dr in South Miami, Florida (zip code 33143, APN 09-4036-026-0010), presents a prime opportunity for high-rise development. The property boasts a fully approved site plan for a 236-unit, 21-story mixed-use project, perfectly situated within a Transit-Oriented Development (TOD) zone designated TODD MU-5 (Transit-Oriented Mixed-Use). Its strategic location offers excellent accessibility, proximate to Downtown South Miami and the South Miami Metrorail Station, placing it within a thriving multifamily submarket exhibiting strong rental demand and consistent growth, with rents exceeding $5.00 per square foot. This high-density development site benefits from favorable zoning regulations and exceptional economic and demographic indicators, making it an attractive investment with significant potential for long-term returns. The property's proximity to major employment centers and lifestyle amenities further enhances its desirability and investment appeal. This is a generational opportunity to shape South Miami's skyline.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2908
- Latitude
- 25.704
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
