5950 Sunset DrSouth Miami, FL 33143

Property Details for 5950 Sunset Dr

Year built

1968

Construction

CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

9,736 SF

Zone code

RES/COMMERCL 2 STORY MAX

Property type

Office properties

Property subtype

Office buildings

APN

09-4036-026-0010

APU

940360260010

Description

This exceptional 0.56-acre commercial land parcel, located at 5950 Sunset Dr in South Miami, Florida (zip code 33143, APN 09-4036-026-0010), presents a prime opportunity for high-rise development. The property boasts a fully approved site plan for a 236-unit, 21-story mixed-use project, perfectly situated within a Transit-Oriented Development (TOD) zone designated TODD MU-5 (Transit-Oriented Mixed-Use). Its strategic location offers excellent accessibility, proximate to Downtown South Miami and the South Miami Metrorail Station, placing it within a thriving multifamily submarket exhibiting strong rental demand and consistent growth, with rents exceeding $5.00 per square foot. This high-density development site benefits from favorable zoning regulations and exceptional economic and demographic indicators, making it an attractive investment with significant potential for long-term returns. The property's proximity to major employment centers and lifestyle amenities further enhances its desirability and investment appeal. This is a generational opportunity to shape South Miami's skyline.

• CAP approach

  CAP return

  Valuation

  6%

  $6,758,485

  6.5%

  $6,238,602

  7%

  $5,792,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,070,592

  Geo Method

  $3,070,592

• Alternative Use

  Use

  Valuation

  Residential

  $7,735,866

  Hospitality

  $7,086,012

  Educational

  $5,895,478

  Medical

  $6,098,233

  Retail

  $9,170,744

Location Insight

City

South Miami

County

Miami-dade

State

Florida

Latitude

25.704

Longitude

-80.2908

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].