Land in Miami, FL 33138
Biscayne Heights, 8411 Biscayne Blvd Portfolio

Own in Biscayne Heights?

Overview Features True Comps Price History Payment Location Similar Homes

Own in Biscayne Heights?

OFF MARKET

$27,120,000

Estimate Payment $138,821 Closing Costs

Beds

4.4

Acre

$6,163,636

$/Acre

4.4 AcresLot Size

$6,163,636/AcrePrice per acre

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).

Listing Courtesy Of: Global Investments Realty

Local Realty Services Provided By: Best of Luxury Realty

On Site: 1105 DaysUpdated: 1104 Days agoPage Views: 0

All features

Property SqFt: 191539
Remarks: 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).
Internet Remarks: 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).
Waterfront: No info
Days on Market: 2
Office Name: Global Investments Realty
Area: 191539
Taxes: 20256
Tax Year: 2022
Listing Date: 2023-10-18T13:08:43.000-00:00
Lot Size Square Feet: 191539