1401 108Th St Miami, FL 33161
- Commercial real estate
- 1.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1401 108Th St
- Lot size
- 1.84 lot acres
- Property type
- Commercial real estate
Description
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.
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
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.169304891671
- Latitude
- 25.875281256072
