3886 Biscayne BlvdMiami, FL 33137

Property Details for 3886 Biscayne Blvd

Year built

1952

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

7,401 SF

Zone code

6103:NEIGHBRHD-ARTERIAL

Property type

Outlet malls

APN

01-3219-011-0470

APU

132190110470

Description

This exceptional Miami, Florida development opportunity is located at the gateway to the Design District. The 0.64-acre site, encompassing three parcels at 3886 Biscayne Blvd, 286 NE 39th St, and 270 NE 39th St (zip code 33137, Miami-Dade County), is currently occupied by four tenants. The property, zoned T6-12-L, offers a total of 27,698 square feet and presents a unique chance for a high-end boutique development. With a maximum allowable built area of up to 288,059 square feet, the site allows for a building of up to 20 stories, including bonus space. The asking price is $50,000,000, translating to $1,805.18 per square foot. This prime location provides unparalleled access to the vibrant Design District and its surrounding amenities. The property's strategic positioning and significant development potential make it an attractive investment for discerning developers seeking a high-impact project in a thriving urban core.

• CAP approach

  CAP return

  Valuation

  6%

  $7,058,412

  6.5%

  $6,515,458

  7%

  $6,050,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,140,538

  Geo Method

  $7,140,538

• Alternative Use

  Use

  Valuation

  Residential

  $5,496,032

  Hospitality

  $5,034,336

  Educational

  $4,188,508

  Medical

  $4,332,558

  Retail

  $6,515,458

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8131

Longitude

-80.1894

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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