18th St. & Michigan Ave.

Zoning upside, short binary hold

Palm View 4 contiguous lots, 37,183 sqft with approved plans for 4 single-family homes.

Entitlement strategy on four contiguous vacant lots totaling 37,183 square feet (0.85 acre) at the corner of 18th Street and Michigan Avenue in Miami Beach, Florida, within Palm View and two blocks from Lincoln Road. The listing describes three vacant lots plus one lot with an existing structure already approved for demolition, together zoned for development of four large single-family homes. The strategy underwrites a short-hold play in which the entitled position is refined where advantageous and then disposed of to a vertical developer or a builder-investor, rather than taking on the full construction cycle internally. The Palm View location, two blocks from Lincoln Road, supports a developer buyer pool that prices the entitled position at a premium to raw land with equivalent zoning. Hold duration is expected to span final diligence on the plans, demolition approval status, any permit renewals or extensions, and a marketing window to the vertical developer segment. Asking basis of 8.999999 million dollars reflects the combined lot area, development path for four homes, and Palm View / Lincoln Road proximity. Capital deployment covers diligence on the plans, demolition approval status, carry, and marketing costs to reach the builder-investor audience. Returns are targeted from the spread between entry basis and the price at which the entitled position clears to a builder-investor, without taking vertical construction risk.

Address

18th St. & Michigan Ave.

City

Miami Beach, FL

ZIP

33139

Beds

Pending

Baths

Pending

Living sqft

Pending

Lot sqft

37,183

Year built

Pending

Waterfront

No waterfront

Entitlement economics model using land/control basis, entitlement-cost envelope, maturity, and downside/upside disposition scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return