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8501 8Th St Miami, FL 33126

For Sale
Contact for pricing

Luxury Miami apartment complex, prime location.

Property size:
337,935 SF

Description

Added:
Dec 11, 2024
Days on Market:
364
This exceptional redevelopment opportunity presents a nearly two-acre site encompassing two parcels in Miami, Florida, at 8501 NW 8th St and 8500 NW 7th St, zip code 33126, within Miami-Dade County. The property, currently known as the Fontainebleau Apartments, consists of two buildings, totaling 337,935 square feet and featuring 468 units across 15 stories. The site includes 495 parking spaces. The property is classified as Class A and is offered as a fee simple, joint venture, or co-general partnership opportunity. The current zoning allows for a mixed-use development, with plans already in advanced stages of approval. These plans include 368 traditional apartments, 100 serviced apartments with a separate entrance and service area, and 4,590 square feet of retail space. The design prioritizes efficiency, incorporating a tunnel-form building method to expedite construction. This location offers unparalleled access to major freeways, employment hubs, and is less than two miles from Miami International Airport, situated amongst older condominiums, presenting a compelling opportunity for a modern, high-demand development. The seller is open to flexible terms, including seller financing, joint ventures, co-general partnerships, or forward purchases. The asking price is $47,000,000.

Property Features for 8501 8Th St

General Information

Property type
Multifamily properties
Square Feet
337,935 SF
Class
A
Lot Size
74,488 SF

Building Details

Buildings
2
Stories
15
Units
468

HighLights

  • Seller financing, joint ventures, co‑GP arrangements, and forward purchase agreements are all possibilities for qualified buyers.
  • High‑quality construction and modern design.
  • Excellent location with high visibility and accessibility.
  • Strong tenant occupancy and stable rental income.
  • Significant upside potential through lease‑up or value‑add improvements.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.333213769171
Latitude
25.776730148975

FAQs

What type of property is this?
Multifamily property - Luxury Miami apartment complex, prime location.
Where is this multifamily property located?
The property is located at 8501 8Th St Miami, FL.
What are key features of this property?
This property features: Seller financing, joint ventures, co-GP arrangements, and forward purchase agreements are all possibilities for qualified buyers.; High-quality construction and modern design.; Excellent location with high visibility and accessibility.
More about this property
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