1070 98Th StBay Harbor Islands, FL 33154

This exceptional multifamily investment opportunity in Bay Harbor Islands, Florida, presents a rare chance to acquire a portfolio of three buildings totaling approximately 33,750 square feet. Located at 1070 98 St, in Miami-Dade County, zip code 33154, this property offers significant redevelopment potential. Built in 1956, the two-story buildings currently generate income, providing a strong foundation for future growth. The property is zoned for multifamily, rental, condominium, or apartment development, allowing for a wide range of possibilities. With a permitted building height of 65 feet, the potential for substantial expansion and increased density is significant. The location is highly desirable, situated directly across from a newly constructed recreational and dog park, enhancing the property's appeal and value. This one-of-a-kind offering is ideal for a 1031 exchange investor, a medium-sized builder seeking a prime development site, or an investor looking to expand their portfolio. The asking price is $25,000,000. Don't miss this exceptional opportunity; this property will not remain on the market for long.