Sweetwater Development Opportunity
10765 NW 19th Street, Sweetwater, FL 33172
Avanti Way Commercial is pleased to present an exceptional development opportunity in the heart of Sweetwater, South Florida's rapidly emerging urban corridor. This 1.28-acre site represents a turnkey investment for sophisticated developers and investors seeking immediate development potential in one of Miami-Dade County's most strategic locations. The lot benefits from direct access to 107th AVE, a heavily traveled commercial corridor, and is surrounded by dense residential neighborhoods and thriving retail centers.
This parcel is currently zoned C-2 Special Commercial District, which supports a wide range of commercial, residential, and mixed-use development opportunities. The site already carries city approval for an 8-story, 93-unit mixed-use project with ground-floor retail, making it a turnkey development opportunity in one of Miami-Dade’s most dynamic growth submarkets.
Offering Price: $8,250,000
Property Overview & Site Details
Key Property Specifications
- Address: 10765 NW 19th Street, Sweetwater, FL 33172
- Folio: 25-30-31-058-0010
- Lot Size: 55,851 SF (1.28 acres)
- Zoning: C-2 Special Commercial District
- Current Status: Building plans approved for development
The property sits strategically positioned within Sweetwater's urban core, offering unparalleled access to major employment centers, educational institutions, and retail destinations. The site's generous 1.28-acre footprint provides exceptional flexibility for large-scale development while maintaining the intimate scale that defines Sweetwater's character.
The C-2 Special Commercial District zoning provides extraordinary development flexibility, allowing for residential mixed-use, multi-family residential, large-scale commercial facilities, office parks, and hospitality uses. This versatility creates multiple exit strategies and repositioning opportunities for discerning investors.
Approved Development Plans
8-Story Mixed-Use Tower
93 residential units with sophisticated unit mix targeting diverse market segments
7,300 SF of ground-floor retail space for community-serving businesses
Optimized Development Metrics
68,370 SF of residential leasable area with 735 SF average unit size
39% lot coverage maximizing green space and amenity areas
Strategic Parking Solution
1.31 spaces per unit ratio exceeding municipal requirements
FAR 1.65 allowing for future expansion opportunities
The approved plans represent months of careful design work and municipal approval processes, eliminating the typical 12-18 month entitlement risk that accompanies most development opportunities. The project's 8-story height maximizes the site's development potential while respecting the surrounding neighborhood context, creating a landmark building that will define Sweetwater's evolving skyline.
Unit Mix & Market Positioning
Studios (15 units, 16%)
485 SF average - Perfect for young professionals, university students from nearby FIU, and urban lifestyle seekers. These efficient layouts maximize rental income per square foot while serving the growing demand for affordable urban housing in South Florida's competitive rental market.
1-Bed/1-Bath (50 units, 54%)
617-716 SF range - The project's core offering targets working professionals, couples, and empty nesters. This unit type represents the sweet spot in Sweetwater's rental market, offering modern amenities and lifestyle convenience at accessible price points.
2-Bed/2-Bath (28 units, 30%)
910-1,026 SF range - Premium units designed for families, remote workers needing home office space, and higher-income professionals. These larger layouts command premium rents while providing the space and functionality today's renters demand.
Zoning Analysis & Development Rights
C-2 Special Commercial District Provisions
Density & Height Rights
- Up to 75 DU/AC: Site permits up to 107 units (93 approved)
- 8-story height limit: Maximizing vertical development potential
- 40% maximum lot coverage: Balanced development density
- 1.65 FAR: 102,932 SF maximum buildable area
Permitted Uses
- Residential multi-family & mixed-use developments
- Hotels/motels (up to 75 rooms per acre)
- Office parks, hospitals, educational facilities
- Large-format retail & regional shopping centers
- Entertainment venues with conditional approval
The C-2 zoning designation provides exceptional flexibility for repositioning strategies. Should market conditions favor alternative uses, the property can be developed as boutique hospitality (up to 96 hotel rooms), mixed-use office space, or large-format retail. This zoning versatility significantly de-risks the investment by providing multiple development pathways and exit strategies for sophisticated investors.
Additional Development Capacity: The site maintains rights for 14 additional units beyond the current approval, providing potential for future expansion or density bonus programs that could enhance project economics.
Strategic Location Advantages
Florida International University
Over 58,000 students create sustained demand for quality rental housing. FIU's continued expansion and reputation as a top-tier research university ensures consistent tenant pipeline. Graduate students, faculty, and staff represent stable, long-term renters seeking modern accommodations within easy commuting distance of campus.
Major Retail Destinations
Dolphin Mall and Miami International Mall anchor the area's retail ecosystem, creating a lifestyle destination that attracts both residents and visitors. This retail density supports the area's economic vitality while providing convenient shopping, dining, and entertainment options that enhance the residential value proposition.
Airport Proximity
Less than 15 minutes to Miami International Airport positions the property perfectly for aviation industry professionals, frequent travelers, and international business executives. This proximity premium commands higher rents and reduces tenant turnover, creating stable cash flow for investors.
Transportation Hub
Direct access to Dolphin Expressway (SR-836) and Florida's Turnpike provides seamless connectivity throughout South Florida. Residents can reach Downtown Miami, Coral Gables, and Fort Lauderdale efficiently, making this location ideal for regional commuters and urban professionals.
Sweetwater's transformation from suburban community to urban corridor represents one of South Florida's most compelling growth stories. The convergence of educational institutions, transportation infrastructure, and retail amenities creates a unique ecosystem that supports both immediate rental demand and long-term property appreciation.
Investment Highlights & Value Propositions
Fully Entitled & Shovel-Ready
All municipal approvals secured, eliminating 12-18 months of typical entitlement risk. Construction can commence immediately upon closing, accelerating time to market and reducing carrying costs during the pre-development phase.
Mixed-Use Income Diversification
7,300 SF of ground-floor retail space creates additional income streams while serving the residential community. Retail component reduces vacancy risk and provides inflation protection through percentage rent opportunities.
Multiple Exit Strategies
Flexible zoning supports various repositioning options including rental apartments, condominium conversion, boutique hospitality, or mixed-use office development. This versatility protects investor capital across market cycles.
High-Growth Market Position
Sweetwater's rapid transformation and proximity to major employment centers positions this asset for above-market appreciation. The area's evolution from suburban to urban mixed-use creates significant upside potential.
This investment opportunity represents the convergence of market timing, strategic location, and development readiness that sophisticated investors seek. The combination of immediate development potential with long-term appreciation prospects creates a compelling risk-adjusted return profile in one of South Florida's most dynamic growth corridors.
Sweetwater Development Site Photos
Market Dynamics & Rental Demand
58K+
FIU Students
Consistent demand driver for quality rental housing within commuting distance
15 min
Airport Access
Premium location for aviation professionals and frequent business travelers
1.28
Acres
Substantial development site allowing for comprehensive mixed-use project
93
Approved Units
Fully entitled residential units ready for immediate development
Rental Market Fundamentals
Sweetwater benefits from South Florida's robust rental market dynamics, driven by continued population growth, international investment, and limited new supply. The area's transformation into an urban corridor has attracted young professionals, university affiliates, and workforce housing demand that traditional suburban developments cannot serve.
The project's unit mix strategically targets multiple demographic segments, from FIU graduate students and faculty requiring sophisticated housing options to young professionals working in Doral's corporate campus district. This diversification reduces leasing risk while maximizing rental rate optimization across unit types.
Competitive Positioning
New construction mixed-use developments in Sweetwater remain limited, providing first-mover advantage in delivering modern amenities and urban lifestyle features. The approved project's 8-story height and mixed-use component will establish a new standard for the submarket.
Ground-floor retail activation creates a community destination while providing residents with convenient services and amenities. This live-work-play environment appeals to today's renters who prioritize walkability and lifestyle convenience in their housing decisions.
Exclusive Listing Team
Pete Cabrera
Direct: 305-962-0804
Fernando Arencibia Jr
Direct: 786-512-3745
Jennifer Wollmann
Direct: 305-776-2792
Confidentiality & Legal Notice
This Offering Memorandum has been prepared exclusively for qualified investors and developers considering the acquisition of the referenced property. All information contained herein has been obtained from sources deemed reliable; however, accuracy is not guaranteed and prospective purchasers are responsible for conducting independent due diligence.
This marketing material does not constitute an offer to sell or solicitation of an offer to buy the property. Any offer or purchase agreement shall be subject to satisfactory completion of due diligence, execution of definitive documentation, and such other terms and conditions as may be mutually agreed upon by the parties.