1401 108th St ,Biscayne Shores Unit No 2 for Sale

1401 108th St for Sale

Price $10,750,000.00

• Lot size 83123
• Year Build
• Waterfront
• Zip 33161
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

BISC SHORES UNIT NO 2 PB 40-81 BLK 4 LESS E720.56FT ALSO COMM AT X OF EXT OF W & S BDRY LINE OF BLK 4 TH E ALG S LINE 110FT TH N AT RA 82FT

City Location, Corner Lot, County Location, Urban Area Development, 1-2.5 Acres

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.

City:Miami,Zoning:UC-RMD,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:25.8751958,List Price:10750000,Listing Id:A11570824,Longitude:-80.1691203,Mls Status:Active,Utilities:1:Sewer Available,2:Water Available,Current Use:1:Unimproved Multi Family (5+Units),Inclusions:None,Postal Code:33161,Street Name:108th St,Coordinates:1:25.8751958,Lot Features:1:Corner Lot,2:County Location,3:Urban Area Development,4:1-2.5 Acres,Photos Count:6,Building Name:BISCAYNE SHORES UNIT NO 2,Days On Market:180,Lot Size Acres:1.91,Lot Size Units:Square Feet,M I A M I R E_ Area:28,M L S Area Major:Biscayne Shores Unit No 2,On Market Date:2024-04-11,Parcel Number:30-22-32-011-0060,Property Type:Commercial Land,Street Number:1401,Waterfront Y N:1,Public Remarks: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.,County Or Parish:Miami-Dade County,Frontage Length:312,List Office Name:The Alpha Commercial Advisors LLC,Private Remarks: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.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7424,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:BISCAYNE SHORES UNIT NO 2,Tax Annual Amount:13815,Unparsed Address:1401 NE 108th St, Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Lot Size Dimensions:312x340,Lot Size Square Feet:83123,M I A M I R E_ L P Amt Sq Ft:129.3264,Original List Price:11000000,Previous List Price:11000000,Public Survey Range:22,I D X Participation Y N:1,Syndication Remarks: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.,Additional Parcels Y N:1,Listing Contract Date:2024-04-11,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Go Directly,Street Number Numeric:1401,Tax Legal Description:BISC SHORES UNIT NO 2 PB 40-81 BLK 4 LESS E720.56FT ALSO COMM AT X OF EXT OF W & S BDRY LINE OF BLK 4 TH E ALG S LINE 110FT TH N AT RA 82FT,Gross Scheduled Income:77000,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:177-unit development site up to 8 stories allowable via covenant,Contract Status Change Date:2024-04-11,Internet Address Display Y N:1,Internet Entire Listing Display Y N:1,