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    8430 Byron Ave Miami Beach, FL 33141

    For Lease
    $2,600,000

    Free Standing,Income,Resident. Multi-Fam. - Miami Beach, FL

    Property size:
    4,479 SF
    Lot size:
    14.00 Acres
    Days on Market:
    290
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 8430 Byron Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    3900
    APN
    0232020050080
    Size
    4,479 SF
    Lot size
    14.00 Acres

    Utilities

    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s)
    Water front features
    Canal Width 1 - 80, Canal Width 121+, Canal Width 81 - 120, Interior Canal, Ocean Access, Waterfront
    Water front
    1

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Other
    Building materials
    Concrete
    Roof type
    Shingle
    Architectural style
    Other

    Lang Realty, Inc. (877) 357-0618 [email protected]

    Listing agent Kim M Spielvogel (877) 357-0618

    Listing date Feb 19, 2025

    MLS# RX-11062980 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Beach Multifamily Investment Opportunity

    This five-unit multifamily property is located in North Beach and offers development potential. The property can be developed into 12-15 units and includes 500 square feet of dock space with 121 feet of wide water views. The roof was replaced in 2020, and the 40-year certification was completed in 2019. The property is currently tenant-occupied, providing stable income while city approval is obtained, or it can be used as an investment property. Unit 1 is a two-bedroom unit with water views, and Unit 5 is a two-story, two-bedroom townhouse with high ceilings and a large rooftop patio overlooking the water. There are also two one-bedroom units and a studio. The property is located steps from the beach, Ocean Side Park, and a skate park, and is within walking distance of restaurants and shops. It is 1.5 miles from Bal Harbour and half a mile from the Four Seasons Surfside. The property has a lot size of 14 acres and a living area of 4479 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.124023
    Latitude
    25.869542

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with development potential in North Beach.
    Where is this apartment building located?
    The property is located at 8430 Byron Ave Miami Beach, FL.
    What are key features of this property?
    This property features: - Development potential: Multi-family property with the possibility to develop into 12-15 units.; - Waterfront property: Includes 500 sq ft dock space on 121 ft of wide water views with ocean access.; - Prime location: Steps to the beach, Ocean Side Park, Skate Park, restaurants, and shops; close to Bal Harbour and Four Seasons Surfside.
    (877) 357-0618
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    Miami Beach, FL 33141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8430 Byron Ave Miami Beach, FL 33141
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