1401 NE 108th St - Commercial LAND FOR SALE


Miami, FL 33161 80,150 SF
$10,750,000 USD
305-697-7011
1401 NE 108th St, Miami, FL for Sale
$10,750,000 USD
Commercial LAND - FOR SALE
1/8
80,150 SF

1401 NE 108th St
Miami, FL 33161


HIGHLIGHTS

  • High exposure location w/ Biscayne accessibility
  • Protected water-views w/ residential neighborhood buffering from site to Biscayne Bay
  • 100% occupancy for existing multi-family buildings on site to cover carry costs
  • Special allowance for 177 units and 8 stories w/ covenant on property

OVERVIEW

Introducing Biscayne & 108th, a rare opportunity to acquire nearly 2-acres of multi-family development land with protected water views just outside the Miami Shores neighborhood. The site has special allowances for a 177-unit, 8-story multi-family project via covenant, the spacious footprint for which, provides flexibility as far as building and parking layout. The property also has +/- 7,000 Sq. Ft. of existing income-producing multi-family infrastructure in addition to high-visibility land for temporary uses to help supplement carry costs prior to breaking ground on a project. Strategically located with high-traffic Biscayne Boulevard visibility while offering the privacy of access just off the main corridor, the site is sandwiched between The Jockey Club to the north and Quayside to the south and promises full water-views of Biscayne Bay with the abutting single-family zoned residential district to the east. Also within a mile of the site are abundant neighborhood retail and lifestyle destinations as Publix, Whole Foods, and The Home Depot, with walkability to Miami Shores Country Club.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/ACRE

$5,842,420/AC

PRICE/SF

$134 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

BISCAYNE & 108th

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

1.84 AC

LAND SF

80,150 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

UC-RMD

APN/PARCEL ID

30-2232-006-0340,30-2232-011-0050,30-2232-011-0060,30-2232-011-0070,30-2232-011-0080

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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