3350 Biscayne Blvd - Apartments FOR SALE


Miami, FL 33137- Midtown Miami
$32,000,000 USD
305-970-0262
3350 Biscayne Blvd, Miami, FL for Sale
$32,000,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

3350 Biscayne Blvd
Miami, FL 33137
Midtown Miami


HIGHLIGHTS

  • Six-parcel assemblage totaling approximately 36,998.1 SF (0.85 acres), Ideally located at the corner of Biscayne Blvd and NE 34th Street in Midtown.
  • Site plans are available for a 47-story condo tower, approved for 172 units, w/ 499 units proposed under Live Local Act - Application in Process!
  • Plans include for the development of luxury and workforce housing to leverage the maximum zoning benefits.
  • The future development provides 752,802 SF total buildable area with 5,555 SF of ground-floor, high street retail.
  • The plans also provide for the development of 620 garage parking spaces, 41 bicycle spaces, and 5 loading doors.
  • Located within the rapidly growing Midtown/Biscayne Corridor submarket, with strong demographics driving demand for luxury and workforce housing.

OVERVIEW

Lee & Associates presents an exceptional development opportunity at 3350 Biscayne Blvd in the vibrant Midtown and Biscayne Corridor submarket of Miami, Florida. This prime six-parcel assemblage, totaling approximately 36,998.1 square feet (0.85 acres), has development site plans already in place proposing a luxurious 47-story mixed-use condominium tower. With 172 units approved by right, the application is already in process for a 499-unit high-rise tower proposed under the Live Local Act to include workforce housing to maximize benefits; approval is expected in the next 60 days. The total proposed buildable area of 752,802 square feet includes 5,555 square feet of high-street retail at ground level, 620 parking spaces, 41 bicycle spaces, and 5 loading doors, and residential offerings begin on the 11th floor. Units feature a mix of 161 one-bedroom, 81 two-bedroom, and 54 three-bedroom units, and integrates 196 workforce studio units and 7 one-bedroom units under the Live Local Act incentives. Situated at the corner of Biscayne Blvd and NE 34th Street, this high-profile site offers unparalleled visibility and connectivity. The property is strategically positioned within a dynamic urban district, benefiting from immediate access to major roadways such as Interstate 195 and US Highway 1, linking residents and businesses to Downtown Miami, Miami Beach, and the Design District. The area is a thriving hub for dining, shopping, and entertainment, with high pedestrian traffic and strong demographics supporting a luxury mixed-use development. This premier location ensures a seamless blend of urban convenience and high-end residential living.

FOR SALE DETAILS

PRICE

$32,000,000 USD

PRICE/SF

$43 USD /SF

# OF UNITS

499

PRICE/UNIT

$64,128

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High-Density Midtown/Biscayne Blvd Assemblage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

47

YEAR BUILT

2026

PARKING SPACES

620

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,601 SF

ZONING

T6-36a-O

APN/PARCEL ID

01-3230-038-0001

ASK ABOUT THIS PROPERTY

Michael Hinton, CCIMLee & AssociatesMore Info
305-970-0262

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

Michael Hinton, CCIMLee & AssociatesMore Info
305-970-0262

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