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).
632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place, NOI $229,676 currently in place. Rents from $1,000 to $1,750/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
Courtesy: Premier Associates Realty LLC
Location Location Location, 3 minutes to Biscayne Bay, 10 minutes to the Ocean, and 20 minutes to Miami Beach. Combined lots total over 20,600 square feet of land and multiple access points from the street, you have great options. The price includes lots 3,4,5,6 folio 01-3208-007-0080 which abuts this property to the West. Develop for a large single-family estate, or replat into multiple lots for investment (Ask for details). Current zoning allows 2-story construction, single family.
Located in Miami's hottest "Opportunity Zone"! Nestled between the booming "Upper East Side", and the re-emerging 79th street corridor, this vacant 6,000 sq ft lot zoned for T5-R is surrounded by multiple neighborhoods undergoing a tremendous amount of growth, expansion, and opportunity. The site is located less than six miles north of the bustling downtown Miami development scene and adjacent to trendy MiMo District, world renowned mixed-use Wynwood, Midtown, and Upper Eastside neighborhoods. Escape the city with a short 5 min drive to North Bay Village and 10 minutes to Miami's white sand beaches. **Click on virtual tour to watch youtube video of the property surroundings.
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