Fully Entitled Multifamily Development
1401 NE 108th Street Miami, FL 33161
1401 NE 108th Street, Miami, FL, 33161
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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.
Lot Size1.84 Acres
Days on Market33
Property Features for 1401 NE 108th Street
General Information
- Standard status
- Active
- Lot size
- 1.84 Acres
- Property subtype
- Multifamily
Listing Agency
Cushman & Wakefield - Miami, Florida
(305) 613-4507
Listed by
Virgilio Fernandez · License #SL3397219
Source
Crexi
Added: Jun 18 Updated: Jul 10 at 2:05 pm Checked: Jul 17 at 5:13 am
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
Investment Insights
Based on property information with market context.
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
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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
