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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

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    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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8501 8Th St Miami, FL 33126
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