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City of Opa-locka·Florida

RFP Commercial Space Lease

Closes 6/10/2026$500k – $5MRequest for Proposal
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Description

The Opa‑Locka Community Redevelopment Agency (OCRA) is seeking qualified Florida‑based developers to enter a long‑term ground lease (up to 99 years) for six parcels of OCRA‑owned property located throughout Opa‑Locka. The lease will be for commercial uses that conform to existing city zoning. Proposals must be submitted in writing within 30 days of the notice’s publication (by 10 June 2026). OCRA will evaluate proposals, negotiate a lease with the selected developer, and may reject all submissions at its discretion. The developer will be responsible for developing the underutilized/abandoned sites in accordance with OCRA’s redevelopment plan and will pay lease rent to OCRA for the duration of the lease.

Attached files

Contact

Jason Walker(CRA Interim Executive Director)

[email protected]

(305) 953-2868

Key dates

Opened
5/11/2026
Closes
6/10/2026
Duration
99 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
844693

Budget estimate

$500,000 – $5,000,000

The lease will generate ongoing rent payments from the developer to OCRA; however, the developer’s revenue comes from leasing the space to end‑users or operating the commercial facilities. Based on comparable commercial ground‑leases in the Miami‑Dade area, annual rent could range from $500 k for modest redevelopment to $5 M for high‑value mixed‑use projects. The total potential earnings over the lease term (99 years) therefore span roughly $50 M to $500 M, but annual cash flow is the more relevant metric for the developer.

AI estimate from the solicitation

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