8500 Biscayne BlvdMiami, FL 33138

Property Details for 8500 Biscayne Blvd

Year built

1945

Construction

TYPE NOT SPECIFIED

Lot size

4.39 AC

Property size (Sq ft)

1,274 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Land

Property subtype

Commercial land

APN

18-3207-020-0260

APU

1832070200260

Description

This exceptional 16-acre mixed-use development opportunity is located in Miami's El Portal neighborhood, at 8500 Biscayne Boulevard, near 79th Street. The property boasts a prime location with excellent access to Biscayne Boulevard, providing convenient north-south and east-west connectivity to Miami Beach and I-95. Access is available from three streets: Biscayne Boulevard, NW 83rd Street, and NW 87th Street. The site is zoned T6-8-O & T5, allowing for a wide range of development possibilities. This significant parcel is situated approximately 5 miles north of Downtown Miami and directly north of the MiMo and Design District neighborhoods, benefiting from the surrounding dense residential environment and existing retail infrastructure. The property's strategic location is further enhanced by its proximity to the rapidly expanding Magic City Innovation District, which includes over 700 new multifamily units and hotel rooms, and nearly 3 million square feet of new office and commercial space within a 1.5-mile radius. This court-ordered auction presents a unique chance to acquire a substantial development site in a thriving Miami location. The auction is scheduled for January 15th, 2025. Pre-bid deposits and proof of funds are required by January 10th, 2025. The APN numbers are 01-3207-020-0261; 01-3207-020-0271; 18-3207-020-0280; 18-3207-020-0260; 18-3207-020-0270; 18-3207-020-0120. The starting bid is $35 million.

• Alternative Use

  Use

  Valuation

  Residential

  $946,081

  Hospitality

  $866,605

  Educational

  $721,005

  Medical

  $745,802

  Retail

  $1,121,564

Location Insight

City

El Portal

County

Miami-dade

State

Florida

Latitude

25.8534

Longitude

-80.1866

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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