For Sale
$10,750,000

1401 108Th StMiami, FL 33161

Prime Miami location, 1.84 acres, multi-family potential

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional opportunity to acquire a nearly two-acre (1.84 acres) commercial and residential development site in Miami, Florida, located at 1401 NE 108th St, zip code 33161, within Miami-Dade County. This property is zoned UC-RMD and offers protected water views of Biscayne Bay. A covenant allows for the development of a 177-unit, eight-story multi-family project, although the spacious layout offers flexibility in building and parking design. The site includes approximately 7,000 square feet of existing income-producing multi-family structures, providing potential supplemental income before major construction begins. The property boasts high visibility on Biscayne Boulevard, yet maintains privacy via off-main-corridor access. Its strategic location between The Jockey Club and Quayside, coupled with its proximity to amenities such as Publix, Whole Foods, The Home Depot, and Miami Shores Country Club (within one mile), enhances its appeal. The asking price for this exceptional development opportunity is $10,750,000.

Highlights

  • $10,750,000 asking price for 1.84 acres of land.
  • 177-unit multi-family development site permitted by covenant.
  • UC-RMD zoning.
  • Includes approximately 7,000 sq. ft. of existing income-producing multi-family structures.
  • High-visibility location on Biscayne Boulevard with protected water views.

Property Details for 1401 108Th St

Property type
Land
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.875281256072
Longitude
-80.169304891671
1401 108Th St, Miami, Florida

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1401 108Th St
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