Address8411 Biscayne Blvd - Portfolio, Miami, FL, 33138-3526

Price$27,120,000

  • Commercial Sale
  • Built in 1936

We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd. with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play. 4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95 residential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/- 191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from $600 to $1,950/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club, 10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.

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Essential Information

  • MLS® #A11470362
  • Price$27,120,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1936
  • TypeCommercial Sale
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Area32
  • CityMiami
  • CountyMiami-Dade County
  • StateFL
  • Zip Code33138-3526

Address

8411 Biscayne Blvd - Portfolio

Parking

Assigned, Common, On Street

Amenities

Interior

  • # of Stories2
  • StoriesTwo

Exterior

  • ConstructionBlock

Additional Information

  • Date ListedOctober 16th, 2023
  • Days on Website216

Listing Details

  • OfficeGlobal Investments Realty
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