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Property Description

We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd.rnwith T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play.rn4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95rnresidential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/-rn191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents fromrn$600 to $1,950/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club,rn10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.

Address Map
FL
Miami-Dade County
Miami
33138
8411 Biscayne Blvd - PORTFOLIO
W81° 48' 55.6''
N25° 51' 11.2''
MLS Addon
Building & Land, Leases
1 To 3 Year Lease
All Cash, Conventional/refinance
1
City Street, County Road
Sale
2
Free Standing
$20,256
Click Here
Public
6100
95
16/10/2023 20:26:04

8411 Biscayne Blvd - PORTFOLIO, Miami, Florida 33138

$27,120,000
191,539 size sq.ft.
Listing ID #A11470362
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11470362
Price $27,120,000
Year Built 1936
Days on Market 1
Building Area 54,630 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 191,539 Sqft
List Date 2023-10-17
On Market Date 16/10/2023
Elena Beck
MiamiInvestrealty
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