8411 Biscayne Blvd - PORTFOLIO ,Free Standing, Income Non-waterfront for Sale & Rent

8411 Biscayne Blvd - PORTFOLIO for Sale & Rent

Price $27,120,000.00

• Lot size 191539
• Year Build 1936
• Waterfront
• Zip 33138
• Style
• Parking Description Assigned, Common, On Street
• Pool Yes
• Status Active

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.

Favorable T6-8-O, T5-R Zoning designation. 317 buildable units by right. An attractive covered land play.

BISC HGTS PB 2-78 N50FT OF S90FT LOT 32 LOT SIZE 50.000 X 182 OR 13368-3269 0787 5

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.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8531197,Lease Term:1 To 3 Year Lease,List Price:27120000,Listing Id:A11470362,Longitude:-80.1845554,Mls Status:Active,Year Built:1936,Inclusions:Building & Land,Leases, Leases,Postal Code:33138,Street Name:Biscayne Blvd - PORTFOLIO,Coordinates:1:25.8531197,Photos Count:39,Business Type:1:Retail Space,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2023-10-16,Parcel Number:01-32-07-003-0460,Property Type:Commercial Sale,Stories Total:2,Street Number:8411,Open Parking Y N:1,Public 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 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.,County Or Parish:Miami-Dade County,List Office Name:Global Investments Realty,Private Remarks:Favorable T6-8-O, T5-R Zoning designation. 317 buildable units by right. An attractive covered land play.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Common,2:On Street,Postal Code Plus4:3526,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:20256,Unparsed Address:8411 Biscayne Blvd - PORTFOLIO, Miami FL 33138,Listing Agreement:Exclusive Agency,Road Frontage Type:1:County Road,Building Area Total:54630,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:191539,M I A M I R E_ For Sale Y N:1,Number Of Buildings:18,Original List Price:27120000,Public Survey Range:32,I D X Participation Y N:1,Syndication 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 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.,Financial Data Source:1:Owner Provided,Listing Contract Date:2023-10-16,Originating System I D:miamire,Public Survey Section:7,Street Number Numeric:8411,Tax Legal Description:BISC HGTS PB 2-78 N50FT OF S90FT LOT 32 LOT SIZE 50.000 X 182 OR 13368-3269 0787 5,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:Attractive covered land play. 4.39 acres with 317 buildable units by right. 18 existing buildings totaling 95 residential units and 1 retail space,Contract Status Change Date:2023-10-16,Internet Address Display Y N:1,Number Of Units In Community:95,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,