8411 Biscayne Blvd Portfolio, Miami, FL 33138

$27,120,000
List Price
$27,120,000
MLS#
A11471531
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 story) 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. Rents from $600 to $1,950/mo. and NOI of 700K. 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, 22 minutes to MIA airport (ETA).

Additional Information

Days on Market
222
Tax Amount
$20,256
Parcel Number
01-32-07-003-0460
Lot Size
191,539
Address
8411 Biscayne Blvd Portfolio, Miami
Development Name
Biscayne Heights
Development
Biscayne Heights
Section
7

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of Global Investments Realty, Contact: