Redevelopment Opportunity in Bay
For Sale
$25,000,000
1060 98 St, Bay Harbor Islands, FL 33154
Multifamily development opportunity across from recreational park.
Property Size33,750 SF
Lot Size0.77 Acres
Price / SF$740.74
Days on Market161
Property Features for 1060 98 St
General Information
Standard status
Active
Size
33,750 SF
Lot size
0.77 Acres
Property subtype
Commercial
Listing Agency:
One Sothebys International Realty
(305) 798-8205
Listed By:
Allan Kleer · License #0492073
(305) 798-8205
Source:
Elliman
Added: Mar 11
Changed: Aug 9
Last Checked: Aug 9 at 8:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Sothebys International Realty
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity with an approximate area of 33,750 square feet. It is zoned for multifamily use, including rental properties, condominiums, or apartments. The location is across from a new recreational and dog park. Currently, there are three income-producing buildings on the property. Zoning allows for multifamily or condominium development with a building height of up to 65 feet. This property is suitable for a 1031 investor, a medium-sized builder, or inclusion in an investment portfolio.
Key Highlights
- Premier redevelopment opportunity with approximately 33,750 SF of land.
- Zoned for multifamily, rental, condominium, or apartments.
- Allows for building up to 65ft height.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 33154, FL
14,792
Population
10,104
Households
1.5
Avg Household Size
46
Median Age
59%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
7,785
Density / Sq Mi
$87,806
Median Household Income
$53,711
Median Earnings
$2,245
Median Rent
$741,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Multifamily development opportunity across from recreational park.
Where is this commercial land located?
The property is located at 1060 98 St Bay Harbor Islands, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Premier redevelopment opportunity with approximately 33,750 SF of land.; Zoned for multifamily, rental, condominium, or apartments.; Allows for building up to 65ft height.
