Multifamily Land Assemblage with
For Sale
Contact for pricing
Pending
8411 Biscayne Blvd, Miami, FL 33138
Land assemblage with T5 zoning, 18 existing 1–2 story buildings, 95 residential units, and one retail space.
Property Size54,630 SF
Lot Size4.39 Acres
Days on Market125
Property Features for 8411 Biscayne Blvd
General Information
Standard status
Pending
Size
54,630 SF
Lot size
4.39 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
95
Building Details
Tenancy
Multi
Listing Agency:
Global Investments Realty
(786) 789-0647
Listed By:
Joel Rodriguez · License #0545697
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 2:38PM
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 Global Investments Realty
Investment Insights
Based on property information with market context.
This offering consists of a sizable land assemblage with T5 zoning, supporting cash flow from existing rental units. The property includes 18 existing 1- and 2-story residential buildings totaling 95 residential units and one retail space, along with two vacant lot sites of approximately 19,350 square feet each. The site totals approximately 4.39 acres with about 191,539 square feet of land and an approximately 54,630-square-foot gross building area. Development upside is supported by a by-right plan for approximately 317 buildable units.
The seller describes the property as a favorable zoning context including T6-8-O and T5-R designations. Reported income includes an NOI of about $700,000, with a proforma NOI of about $1.1M, and residential rents ranging from $600 to $1,950 per month. Driving times noted include approximately 3 minutes to Miami Shores Country Club, 10 minutes to the Design District, 15 minutes to Downtown, 16 minutes to North Beach, and about 22 minutes to MIA airport.
Additional sources of revenue include the existing retail space and the two vacant lot sites, which provide room for continued expansion on the overall assemblage.
The seller describes the property as a favorable zoning context including T6-8-O and T5-R designations. Reported income includes an NOI of about $700,000, with a proforma NOI of about $1.1M, and residential rents ranging from $600 to $1,950 per month. Driving times noted include approximately 3 minutes to Miami Shores Country Club, 10 minutes to the Design District, 15 minutes to Downtown, 16 minutes to North Beach, and about 22 minutes to MIA airport.
Additional sources of revenue include the existing retail space and the two vacant lot sites, which provide room for continued expansion on the overall assemblage.
Key Highlights
- 4.39‑acre land assemblage east of Biscayne Blvd with T5 zoning
- By‑right potential for 317 units with favorable T6‑8‑O and T5‑R zoning designations
- Includes 18 existing buildings (1–2 story) totaling 95 residential units and 1 retail space
Property Analytics
Property Profile
Current Use
Lease Details
95
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,345
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Land assemblage with T5 zoning, 18 existing 1–2 story buildings, 95 residential units, and one retail space.
Where is this apartment building located?
The property is located at 8411 Biscayne Blvd Miami, FL.
What are key features of this property?
This property features: 4.39‑acre land assemblage east of Biscayne Blvd with T5 zoning; By‑right potential for 317 units with favorable T6‑8‑O and T5‑R zoning designations; Includes 18 existing buildings (1–2 story) totaling 95 residential units and 1 retail space
