10710-10725 SW 2nd-3rd Street, Miami, FL 33174

Colliers International is pleased to present an opportunity to acquire a 1.92 acre student housing development site situated off 107 Avenue and a few blocks from the north edge of Florida International University’s main campus. The property currently features 48 two bedroom and one-bathroom units, which provides for a stable in-place income and reduces risk while planning for development.

The site allows for a large ground-up student housing development due to its significant size. Half of the site is zoned University City District (UC), which  permits a density of 210 units or a max of 840 beds per acre. The other half is zoned RM-24 and may be up-zoned in the future to UC as other lots have nearby.

Highly desirable location with limited development sites nearby and strong rental fundamentals
Covered land providing income which lowers risks while planning for development
One of the last developable lots of significant size
Similar properties nearby have realized up-zoning from RM-24 to UC
Steady demand for student housing and rent increase has made it profitable to build additional projects
Close proximity to FIU campus and FIU College of Engineering & Computing as well as other amenities