8411 Biscayne Boulevard Miami, FL 33138

Listing office Global Investments Realty j***@glirealty.com Show Phone

Listing date Oct 16, 2023

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Investment Insights

Based on property information with market context.

This offering presents an opportunity to acquire a land assemblage located east of Biscayne Boulevard. The 4.39-acre development site is zoned T5 and allows for 317 buildable units by right. The site includes 18 existing one- and two-story buildings, totaling approximately 54,630 square feet, and containing 95 residential units and one retail space. Additionally, there are two vacant lot sites totaling approximately 19,350 square feet. The property is zoned T6-8-O and T5-R. The existing units generate rents from $600 to $1,950 per month, with a net operating income of $700,000. The property is a 3-minute drive to Miami Shores Country Club, a 10-minute drive to the Design District, a 15-minute drive to Downtown, a 16-minute drive to North Beach, and a 22-minute drive to MIA airport.

Key Highlights

• Largest land assemblage East of Biscayne Blvd. with T5 zoning.
• 4.39 acre development site with 317 buildable units by right.
• Existing cash flow from 95 residential units and 1 retail space with a NOI of $700K.

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FAQs

What type of property is this?

Commercial land - 4.39-acre development site with existing income-producing units.

Where is this commercial land located?

The property is located at 8411 Biscayne Boulevard Miami, FL.

What is the asking price?

The asking price for this property is $27,120,000.

What are key features of this property?

This property features: Largest land assemblage East of Biscayne Blvd. with T5 zoning.; **4.39 acre development site with 317 buildable units by right.**; Existing cash flow from 95 residential units and 1 retail space with a NOI of $700K.