8501 8Th St Miami, FL 33126
- Mixed-use properties
- 337,935 SF
- 1.71 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 8501 8Th St
- Lot size
- 1.71 lot acres
- Property size
- 337,935 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.3332
- Latitude
- 25.7767
