Listing UP for Sale
Investment opportunity in Cutler Bay. The offering consists of one acre+ parcel on Caribbean Blvd and So Dixie Hwy. There are currently two long-term tenants on a NNN lease, a CAP rate of 7%. You will find significant development within walking distance of the site, The Southland Shopping Center $1B redevelopment, and the recently approved 760-unit development at 19500 So Dixie. Zoning recently changed in the Town Center District, allowing 250 residential units per acre. The zoning for this parcel is 50 units per acre.