For Sale
Call for price

8501 8Th StMiami, FL 33126

Luxury Miami apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a nearly two-acre site encompassing two parcels in Miami, Florida, at 8501 NW 8th St and 8500 NW 7th St, zip code 33126, within Miami-Dade County. The property, currently known as the Fontainebleau Apartments, consists of two buildings, totaling 337,935 square feet and featuring 468 units across 15 stories. The site includes 495 parking spaces. The property is classified as Class A and is offered as a fee simple, joint venture, or co-general partnership opportunity. The current zoning allows for a mixed-use development, with plans already in advanced stages of approval. These plans include 368 traditional apartments, 100 serviced apartments with a separate entrance and service area, and 4,590 square feet of retail space. The design prioritizes efficiency, incorporating a tunnel-form building method to expedite construction. This location offers unparalleled access to major freeways, employment hubs, and is less than two miles from Miami International Airport, situated amongst older condominiums, presenting a compelling opportunity for a modern, high-demand development. The seller is open to flexible terms, including seller financing, joint ventures, co-general partnerships, or forward purchases. The asking price is $47,000,000.

Highlights

  • Seller financing, joint ventures, co-GP arrangements, and forward purchase agreements are all possibilities for qualified buyers.
  • High-quality construction and modern design.
  • Excellent location with high visibility and accessibility.
  • Strong tenant occupancy and stable rental income.
  • Significant upside potential through lease-up or value-add improvements.

Property Details for 8501 8Th St

Property type
Mixed-use properties, Land
Square Feet
337,935 SF
Class
A
Buildings
2
Stories
15
Lot Size (sq. ft)
74,488 SF
Units
468

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.776730148975
Longitude
-80.333213769171
8501 8Th St, Miami, Florida

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8501 8Th St
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