1080 93Rd StBay Harbor Islands, FL 33154

Property Details for 1080 93Rd St

Year built

1965

Lot size

0.52 AC

Property size (Sq ft)

30,017 SF

Property type

Apartment buildings

Description

This exceptional value-add investment opportunity presents a vacant, fully gutted 30,017 square foot, four-story apartment building situated on a 0.52-acre lot in the highly desirable Bay Harbor Islands, Florida. The property, currently vacant, boasts approved plans for a sophisticated renovation transforming it into a luxury residential complex. The existing building, constructed in 1965, comprises 24 units within a Class B building, offering a unique chance to create upscale living spaces. The approved plans envision expansive layouts, serene courtyards, and a modern lobby, catering to the area's demand for high-end residences. Located on 93rd Street, the property benefits from prime waterfront proximity to the renowned Bal Harbour Shops, Miami's top beaches, and high-end dining options. The asking price is $10,700,000, translating to $356.46 per square foot and $445,833.33 per unit. The land value alone is $472 per square foot. The property features 1.2 parking spaces per 1,000 square feet and is zoned RM-2. Potential federal and local tax incentives further enhance the project's feasibility, making this a truly unparalleled value-add opportunity in a sought-after market. The property is currently distressed and offers a streamlined path for immediate renovation.

Location Insight

City

Bay Harbor Islands

County

Miami-Dade

State

Florida

Latitude

25.8835

Longitude

-80.1308

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].