1401 NE 108th St - BISCAYNE & 108th
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1401 NE 108th St - BISCAYNE & 108th
1.84 Acres of Commercial Land Offered at £8,411,338 in Miami, FL 33161
Investment Highlights
- High exposure location w/ Biscayne accessibility
- 100% occupancy for existing multi-family buildings on site to cover carry costs
- Protected water-views w/ residential neighborhood buffering from site to Biscayne Bay
- Special allowance for 177 units and 8 stories w/ covenant on property
Executive Summary
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.
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.
Property Facts
1 Lot Available
Lot
| Price | £8,411,338 | Lot Size | 1.84 AC |
| Price Per AC | £4,571,379 |
| Price | £8,411,338 |
| Price Per AC | £4,571,379 |
| Lot Size | 1.84 AC |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £2,131,780 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,131,780
zoning
| Zoning Code | UC-RMD (Build 177 units and 8 stories as per restrictive covenant recently approved on property) |
| UC-RMD (Build 177 units and 8 stories as per restrictive covenant recently approved on property) |
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1401 NE 108th St - BISCAYNE & 108th
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