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    FOR SALE
    Commercial real estate

    1401 NE 108Th St Miami, FL 33161

    1.84 ac lot
    Property ID
    US18-2103210
    1401 NE 108Th St, Miami, FL 33161 For Sale 1 / 28
    $12,750,000
    1401 NE 108Th St, Miami, FL 33161
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    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a nearly two-acre (1.84 acres) commercial and residential development site in Miami, Florida, located at 1401 NE 108th St, zip code 33161, within Miami-Dade County. This property is zoned UC-RMD and offers protected water views of Biscayne Bay. A covenant allows for the development of a 177-unit, eight-story multi-family project, although the spacious layout offers flexibility in building and parking design. The site includes approximately 7,000 square feet of existing income-producing multi-family structures, providing potential supplemental income before major construction begins. The property boasts high visibility on Biscayne Boulevard, yet maintains privacy via off-main-corridor access. Its strategic location between The Jockey Club and Quayside, coupled with its proximity to amenities such as Publix, Whole Foods, The Home Depot, and Miami Shores Country Club (within one mile), enhances its appeal. The asking price for this exceptional development opportunity is $10,750,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.84 ac (80,150 SF)
    UPID US18-2103210
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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