Forum | 1080 93rd St
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Forum 1080 93rd St
24 Unit Apartment Building $9,700,000 ($404,167/Unit) Bay Harbor Islands, FL 33154
Investment Highlights
- Premier Bay Harbor Islands Location: Positioned in a coveted, upscale waterfront neighborhood.
- Renovation-Ready with Approved Plans: Building is condemned and has Permitted plans in place for a high-end residential transformation.
- Vacant and Fully Gutted for Reconstruction: A blank slate, offering immediate potential for modern, customized design.
- Near Bal Harbour Shops and Miami’s Best Beaches: A short distance from luxury shopping, dining, and beach access.
- Modern Design with Mid-Century Influence: Opportunity to revitalize the architectural heritage within a fresh, upscale concept.
- Frontage on 93rd St with Waterway Views: Exceptional visibility and scenic surroundings for an upscale redevelopment.
Executive Summary
1080 93rd St. offers a rare value-add investment opportunity in the highly desirable Bay Harbor Islands. Situated on a 22,500 SF lot with a 30,017 SF building, this property presents a prime value-add prospect with approved plans for a sophisticated renovation. The proposed transformation envisions luxury living spaces featuring expansive layouts, serene courtyards, and a modern lobby, catering to the area's demand for upscale residences.
Positioned in a premier waterfront location, the property boasts proximity to the renowned Bal Harbour Shops, Miami's top beaches, and high-end dining, making it ideal for discerning residents. Its vacant, gutted status provides a streamlined path for immediate renovation, while potential tax incentives further enhance the project's viability. Surrounded by top-tier demand drivers, including luxury hotels, shopping destinations, and recreational parks, 1080 93rd St. represents an unparalleled value-add opportunity in a sought-after market.
Positioned in a premier waterfront location, the property boasts proximity to the renowned Bal Harbour Shops, Miami's top beaches, and high-end dining, making it ideal for discerning residents. Its vacant, gutted status provides a streamlined path for immediate renovation, while potential tax incentives further enhance the project's viability. Surrounded by top-tier demand drivers, including luxury hotels, shopping destinations, and recreational parks, 1080 93rd St. represents an unparalleled value-add opportunity in a sought-after market.
Property Facts
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 16 | - | - |
| 2+2 | 8 | - | - |
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 13-2227-001-2900 | Improvements Assessment | $10,000 |
| Land Assessment | $4,500,000 | Total Assessment | $4,510,000 |
PROPERTY TAXES
Parcel Number
13-2227-001-2900
Land Assessment
$4,500,000
Improvements Assessment
$10,000
Total Assessment
$4,510,000
zoning
| Zoning Code | Multi-family (RM-2) (1080 93rd St in Bay Harbor Islands is zoned as a Multi-family (RM-2), offering a prime opportunity for a luxury change in a highly sought after market) |
| Multi-family (RM-2) (1080 93rd St in Bay Harbor Islands is zoned as a Multi-family (RM-2), offering a prime opportunity for a luxury change in a highly sought after market) |
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Forum | 1080 93rd St
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