8907 Biscayne Blvd, Miami Shores, FL 33138-3344
- Commercial land
- 1,988 SF
- 0.39 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 8907 Biscayne Blvd
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.39 lot acres
- Zone code
- 6200:COMMERCIAL,ARTERIAL
- Property type
- Commercial land
- APN
- 11-3206-011-0170
- APU
- 1132060110170
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 2, 2023 | — | John Militana | — | Deed · related | $600k · Militana Needs And Family Trust |
| May 31, 2017 | — | 88 Biscayne Management LLC | — | Grant Deed · related | $6M · Floridian Cmnty Bk |
| May 6, 2015 | — | 88 Biscayne Management LLC | Lfng LLC | Quit Claim Deed · related | — |
| Jan 27, 2014 | $8,700,000 | Lfng LLC | Biscayne 88 Terrace LLC | Grant Deed | — |
| Jan 9, 2014 | $850,000 | Biscayne 88 Terrace LLC | H M & H Associates INC | Warranty Deed | — |
Description
This exceptional ground lease opportunity presents 0.39 acres (16,988 square feet) of land situated at 8907 Biscayne Boulevard in Miami Shores, Florida (zip code 33138). The property, built in 1950, offers a single tenancy retail space with excellent visibility and accessibility directly on Biscayne Boulevard. Its strategic location places it in close proximity to the vibrant MiMo District, Midtown, and the Design District, ensuring high foot traffic and potential for strong returns. The lot size provides ample space for a variety of retail developments. Convenient parking is available, further enhancing the property's appeal to both businesses and customers. This is an ideal investment for those seeking a high-traffic retail location in a rapidly growing area of Miami Shores. The property's prime location and significant lot size make it a compelling opportunity for a variety of retail uses. This ground lease offers a unique chance to establish a thriving business in a highly desirable area. The property's proximity to major districts ensures a constant flow of potential customers. This is a rare opportunity to secure a prominent retail location on Biscayne Boulevard.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $785,000
- 6.5%
- $725,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $757,000
Market price range: $158k - $758k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $975,000 Current use
- AUTO REPAIR, GARAGE
- $1,300,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $885,000 Change: -9% Conversion: Easy
- MEDICAL BUILDING
- $875,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Shores
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1843
- Latitude
- 25.8572
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
