Miami Real Estate - Portico Project - Miami Investment Property - Owner Financing

http://www.ezfinancehomes.net/blog/commercial-properties/
The Portico project is strategically located near the bay and downtown Miami and currently available at a steep discount. Asking price is only 9.75M with possible owner financing, (was previously listed for 21 million dollars on cash only basis and under contract for 18 million dollars). This is the last site in the Margate Pace Park subdivision which is steps from the New World Symphony and performing art center. A very unique location. Award winning site from world-renowned ARQUITECTONICA and a top seller at some point. An additional million dollars in construction documents are available. Approvals are in place to potentially allow the buyer to build a mixed use project for any combination of HOTELS (648 units), APARTMENTS (324 units) and/or OFFICES (378,367 square-feet), in addition to an assisted living facility, time-shares, etc. There is no site like this available anywhere in the city with such high density and close proximity to the bay. The possibilities are limitless for this very flexible mixed-use zoning.
This site is a steal for such a premium location and will also make for a great land bank opportunity with such close proximity to the bay. Please make all reasonable offers.
Owners will finance at excellent rates and will require approximately a 30%-35% down-payment.
The owner financing is another advantage to your buyer since institutional financing is still difficult to come by. The market is stabilizing rapidly. Next door, a new luxury hotel has begun construction. The site should appreciate to the 18-20 million dollar range, the rate of return on the original cash investment could be a staggering return (in the 250% -- 500% range). Constructing the site would potentially yield another 55 million dollars in potential profits once the market stabilizes or can conversely produce a return on a rental basis with over 378,000 buildable and leasable sqft until an actual sales scenario is desired.
http://www.ezfinancehomes.net/blog/commercial-properties/

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• miami investment property
• miami investment opportunity
• miami commercial property
• commercial real estate
• miami real estate
• miami commercial real estate
• broward county real estate
• miami oceanfront property
• florida investment property
• florida commercial real estate
• florida owner financing
• non recourse property
• 1825-1837 N.E. 4TH AVENUE
• MIAMI
• FL 33132

[MrHartle22]

Hello! I am a national note finder, and I locate those who may hold a note or receive payments on a note, who may want to cash out. If you have any other properties that you have sold or in the future after you sell this property. I would love to gather some information from you so that I may find out what your payments might be worth, either now or in the future. Please contact me via phone (412) 303-1275 or email hartle22@yahoo.com.

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Alan J. Hartle