8411 Biscayne Blvd - Portfolio, Miami, FL 33138

$27,120,000
List Price
$27,120,000
MLS#
A11470362
Status
ACTIVE
Type
Commercial

Property Description

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.

Additional Information

Days on Market
222
Tax Amount
$20,256
Water Access
Building & Land, Leases, Leases
Parcel Number
01-32-07-003-0460
Lot Size
191,539
Address
8411 Biscayne Blvd - Portfolio, Miami
Year Built
1936
Section
7

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Calculator source: Real Geeks

Listing Courtesy of Global Investments Realty, Contact: