1080 93rd St - Apartments FOR SALE


Bay Harbor Islands, FL 33154
$9,700,000 USD
954-224-1323
1080 93rd St, Bay Harbor Islands, FL for Sale
$9,700,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1080 93rd St
Bay Harbor Islands, FL 33154


HIGHLIGHTS

  • Premier Bay Harbor Islands Location: Positioned in a coveted, upscale waterfront neighborhood.
  • Near Bal Harbour Shops and Miami’s Best Beaches: A short distance from luxury shopping, dining, and beach access.
  • Renovation-Ready with Approved Plans: Building is condemned and has Permitted plans in place for a high-end residential transformation.
  • Modern Design with Mid-Century Influence: Opportunity to revitalize the architectural heritage within a fresh, upscale concept.
  • Vacant and Fully Gutted for Reconstruction: A blank slate, offering immediate potential for modern, customized design.
  • Frontage on 93rd St with Waterway Views: Exceptional visibility and scenic surroundings for an upscale redevelopment.

OVERVIEW

1080 93rd St. offers a rare value-add investment opportunity in the highly desirable Bay Harbor Islands. Situated on a 22,500 SF lot with a 30,017 SF building, this property presents a prime value-add prospect with approved plans for a sophisticated renovation. The proposed transformation envisions luxury living spaces featuring expansive layouts, serene courtyards, and a modern lobby, catering to the area's demand for upscale residences. Positioned in a premier waterfront location, the property boasts proximity to the renowned Bal Harbour Shops, Miami's top beaches, and high-end dining, making it ideal for discerning residents. Its vacant, gutted status provides a streamlined path for immediate renovation, while potential tax incentives further enhance the project's viability. Surrounded by top-tier demand drivers, including luxury hotels, shopping destinations, and recreational parks, 1080 93rd St. represents an unparalleled value-add opportunity in a sought-after market.

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

24

PRICE/UNIT

$404,167

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forum

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,521 SF

ZONING

Multi-family (RM-2)

APN/PARCEL ID

13-2227-001-2900

ASK ABOUT THIS PROPERTY

Orine DadonAdar Investments & Management LLCMore Info
954-224-1323

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Orine DadonAdar Investments & Management LLCMore Info
954-224-1323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.