1070 98Th St Bay Harbor Islands, FL 33154
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1070 98Th St
- Year built
- 1956
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity in Bay Harbor Islands, Florida, presents a rare chance to acquire a portfolio of three buildings totaling approximately 33,750 square feet. Located at 1070 98 St, in Miami-Dade County, zip code 33154, this property offers significant redevelopment potential. Built in 1956, the two-story buildings currently generate income, providing a strong foundation for future growth. The property is zoned for multifamily, rental, condominium, or apartment development, allowing for a wide range of possibilities. With a permitted building height of 65 feet, the potential for substantial expansion and increased density is significant. The location is highly desirable, situated directly across from a newly constructed recreational and dog park, enhancing the property's appeal and value. This one-of-a-kind offering is ideal for a 1031 exchange investor, a medium-sized builder seeking a prime development site, or an investor looking to expand their portfolio. The asking price is $25,000,000. Don't miss this exceptional opportunity; this property will not remain on the market for long.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bay Harbor Islands
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1309
- Latitude
- 25.8884
