Cutler Bay, FL

19993 S Dixie Hwy, Cutler Bay FL 33157

$3,500,000

Key Details

Status
Active
Property Type
Restaurant/Entertainment
Year Built
1980

Overview

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.

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