Fully Entitled Multifamily Development
1401 NE 108th Street, Miami, FL 33161
For Sale
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Rezoned and approved for up to 177 residential units, with entitlement work completed for an efficient path to construction.
Property SizeContact for details
Lot Size1.84 Acres
Days on Market142
Property Features for 1401 NE 108th Street
General Information
Standard status
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Multifamily Units
Building Details
Stories
Units
Listing Agency:
Cushman & Wakefield - Miami, Florida
Listed By:
Virgilio Fernandez · License FL SL3397219
(305) 613-4507
Source:
Crexi
Added: Jun 22
Changed: Nov 10
Last Checked: Nov 10 at 8:42AM
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 Cushman & Wakefield - Miami, Florida
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Investment Insights
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This fully entitled multifamily development site totals 80,198 SF (1.84 acres) and is approved for up to 177 residential units. The property has been fully rezoned from BU-2 Commercial to RMD (Residential Modified District), and the recorded covenant secures development rights. With hard entitlement work complete, a buyer can move directly into design, permitting, and construction.
The assemblage is located at 1401 NE 108th Street as a five-folio purchase just east of Biscayne Boulevard, between NE 108th and NE 109th Streets. The site provides dual street frontage, direct Biscayne Boulevard visibility, and protected eastward views toward Biscayne Bay.
For developers and investors looking to reduce predevelopment risk, the site’s confirmed regulatory framework and recorded rights provide a clear, buildable starting point. CoStar identifies the North Miami Beach submarket as supply-constrained, with vacancy reported at 5.8% and absorption activity exceeding deliveries over the past year, supporting continued renter demand as new supply is brought online.
The assemblage is located at 1401 NE 108th Street as a five-folio purchase just east of Biscayne Boulevard, between NE 108th and NE 109th Streets. The site provides dual street frontage, direct Biscayne Boulevard visibility, and protected eastward views toward Biscayne Bay.
For developers and investors looking to reduce predevelopment risk, the site’s confirmed regulatory framework and recorded rights provide a clear, buildable starting point. CoStar identifies the North Miami Beach submarket as supply-constrained, with vacancy reported at 5.8% and absorption activity exceeding deliveries over the past year, supporting continued renter demand as new supply is brought online.
Key Highlights
- Fully entitled 1.84‑acre multifamily development site totaling 80,198 SF at 1401 NE 108th Street in Miami’s Biscayne Corridor
- Rezoned from BU‑2 Commercial to RMD (Residential Modified District) and approved for up to 177 residential units
- Hard entitlement work is complete, allowing a purchaser to move directly to design, permitting, and construction
Property Analytics
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Lease Details
177
Residential units
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
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Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Market
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Rezoned and approved for up to 177 residential units, with entitlement work completed for an efficient path to construction.
Where is this apartment building located?
The property is located at 1401 NE 108th Street Miami, FL.
What is the asking price?
The asking price for this property is $12,750,000.
What are key features of this property?
This property features: Fully entitled 1.84‑acre multifamily development site totaling 80,198 SF at 1401 NE 108th Street in Miami’s Biscayne Corridor; Rezoned from BU‑2 Commercial to RMD (Residential Modified District) and approved for up to 177 residential units; Hard entitlement work is complete, allowing a purchaser to move directly to design, permitting, and construction
