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11240 Biscayne Blvd - 3.2 Acre Development Site
3.2 Acres of Commercial Land in Miami, FL 33181
Investment Highlights
- Located directly on the highly trafficked Biscayne Blvd corridor in close proximity to Aventura, Miami Beach, Design District/Wynwood, Downtown Miami
- Adjacent to a new construction, institutional quality and class-A apartment complex
- Scarcity of apartment inventory in the area and not many scalable development sites on the market
- Located in a highly desired retail corridor with access to many shops and restaurants
- Open zoning with residential and commercial uses allowed
Executive Summary
The site is conveniently located on Biscayne Boulevard, which is one of Miami’s main arteries connecting Brickell, Downtown Miami and Edgewater to North Miami and Aventura. From the subject property, Miami Beach (Bal Harbour and Surfside), Wynwood and Design District are all within a 15-minute drive. Interstate-95 is also accessible through NE 123rd street just a couple of blocks north of the property.
The site currently has two different zoning designations. 94,497 SF (2.17 acres) are zoned RU-3M Multifamily which allows for the development of 10-21 units per acre. The remaining 46,200 SF (1.06 acres) are zoned BU-1A commercial zoning. Both zoning codes allow for the development of multiple uses including residential, hotel, office and commercial.
Property Facts Under Contract
1 Lot Available
Lot
| Lot Size | 3.20 AC |
| Lot Size | 3.20 AC |
Colliers International, as exclusive marketing advisor, is pleased to present the opportunity to acquire the 11240 Biscayne Boulevard Development Site. The property consists of one 3.22 acre (140,697 square feet) parcel located on Biscayne Blvd.
Description
Colliers International, as exclusive marketing advisor, is pleased to present the opportunity to acquire the 11240 Biscayne Boulevard Development Site. The property consists of one 3.22 acre (140,697 square feet) parcel located with direct frontage on Biscayne Boulevard at 11240 Biscayne Blvd. The site is conveniently located on Biscayne Boulevard, which is one of Miami’s main arteries connecting Brickell, Downtown Miami and Edgewater to North Miami and Aventura. From the subject property, Miami Beach (Bal Harbour and Surfside), Wynwood and Design District are all within a 15-minute drive. Interstate-95 is also accessible through NE 123rd street just a couple of blocks north of the property. The site currently has two different zoning designations. 94,497 SF (2.17 acres) are zoned RU-3M Multifamily which allows for the development of 10-21 units per acre. The remaining 46,200 SF (1.06 acres) are zoned BU-1A commercial zoning. Both zoning codes allow for the development of multiple uses including residential, hotel, office and commercial.
PROPERTY TAXES
| Parcel Number | 30-2232-008-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,871,937 |
PROPERTY TAXES
zoning
| Zoning Code | BU-1A/RU-3M, Miami (Mixed-Use) |
| BU-1A/RU-3M, Miami (Mixed-Use) |
Contacts
-
Julian Zuniga -
Gerard Yetming -
Mitash Kripalani -
Virgilio Fernandez -
Nelson Ilceus -
Colliers
Presented by
11240 Biscayne Blvd - 3.2 Acre Development Site
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