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7101 Biscayne Blvd
Miami, FL 33138

Adaptive ReUse &/or Development Site · Office Property For Sale

Investment Highlights

  • Ability to recoup development & remodel costs by selling up to 80,000 in Dev Rights for up to approx. $600,000 +/-
  • Mixed Use Potential: Retail, Office, Live/work, add residential apartments or hotel/short-term rentals
  • Potential 6% Cap for Investors seeking commercial income properties if remodeled and leased at $30/SF NNN
  • Great signage ability potential with over 51,000 + cars per day passing on Biscayne Blvd
  • Perfect for end users such as shared-work spaces, larger office needs, show room, retail and more.
  • See attached Offering Memorandum & Architectural analysis by Future Vision Studios | Aaron DeMayo

PROPERTY FACTS

Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
6,979 SF
Building Class
C
Year Built
1962
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,490 SF
Slab to Slab
10 ft
Building FAR
0.64
Lot Size
0.25 AC
Zoning
T-5 O - Urban Center Zone
Parking
16 Spaces (2.29 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Fenced Lot
  • High Ceilings
  • Air Conditioning

About 7101 Biscayne Blvd , Miami, FL 33138

As a stand-along building, after renovations but without increasing the building foot-print, if the property were leased at $30/SF NNN, the square footage were the same, and development rights sold off to fund the improvements, the following proforma valuation is attained: Building SF: 6,979 SF Rent/SF: $30/SF NNN attainable after renovations. Proforma NOI: $209,370/year or $17,447.50/month (net) Assumed Cap Rate: 6.0% Proforma Valuation: $3,489,500 Owner Benefit: Fund improvement costs by selling development rights (TDR’s & TDD’s) valued at up to $600,000 +/- Offered at: $3.50 mm

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3207-032-0710
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,563,868
  • Listing ID: 18868788

  • Date on Market: 14/03/2020

  • Last Updated:

  • Address: 7101 Biscayne Blvd, Miami, FL 33138

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