8411 Biscayne Blvd - PORTFOLIO Miami, FL 33138

FOR SALE - Active
$27,120,000

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 54,630 ft2/5,075.29 m2
  • Price Per: $496.43 ft2/$5,343.54 m2
  • Type: Commercial/Investment
  • Built: 1936
  • HOA: No info
  • MLS Number: A11470362
  • View No info
  • On Site: 217 days
  • Updated: Listing Refreshed: 216 Days Ago

We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd. with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play. 4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95 residential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/- 191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from $600 to $1,950/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club, 10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.

Price History

DateEventPriceChange RatePrice Per
10/16/2023Listed$27,120,000.00$496.43 ft2/$5,343.54 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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