High-Density Midtown/Biscayne Blvd Developmen 3350 Biscayne Blvd 499 Unit Apartment Building $32,000,000 ($64,128/Unit) Miami, FL 33137

INVESTMENT HIGHLIGHTS

  • Six-parcel assemblage totaling approximately 36,998.1 SF (0.85 acres), Ideally located at the corner of Biscayne Blvd and NE 34th Street in Midtown
  • 499 total residential units, including luxury and workforce housing for maximum zoning benefits
  • 620 garage parking spaces, 41 bicycle spaces, and 5 loading doors
  • Site plans available for a 47-story condo tower, approved for 172 units, w/499 Units proposed under Live Local Act - Application in Process!
  • 752,802 SF total buildable area with 5,555 SF of ground-floor high street retail
  • Rapidly growing & highly desirable Midtown/Biscayne Corridor submarket, strong demographics and demand for luxury and workforce housing in the area

EXECUTIVE SUMMARY

With 172 units approved under the current zoning, 499 units are proposed under the Live Local Act - the application in process with expected approval in the next 60 days!
Lee & Associates presents an exceptional development opportunity at 3350 Biscayne Blvd in the vibrant Midtown and Biscayne Corridor submarket of Miami, Florida. This prime six-parcel assemblage, totaling approximately 36,998.1 SF (0.85 acres), has development site plans already in place proposing a luxurious 47-story mixed-use condominium tower. With 172 units approved by right, the application is already in process for a 499 unit high-rise tower proposed under the Live Local Act to include workforce housing to maximize benefits. The total proposed buildable area of 752,802 SF includes 5,555 SF of high-street retail at ground level, 620 parking spaces, 41 bicycle spaces, and 5 loading doors, and residential offerings begin on the 11th floor. Units feature a mix of 161 one-bedroom, 81 two-bedroom, and 54 three-bedroom units, and integrates 196 workforce studio units and 7 one-bedroom units under the Live Local Act incentives.
Situated at the corner of Biscayne Blvd and NE 34th Street, this high-profile site offers unparalleled visibility and connectivity. The property is strategically positioned within a dynamic urban district, benefiting from immediate access to major roadways such as I-195 and US-1, linking residents and businesses to Downtown Miami, Miami Beach, and the Design District. The area is a thriving hub for dining, shopping, and entertainment, with high pedestrian traffic and strong demographics supporting a luxury mixed-use development. This premier location ensures a seamless blend of urban convenience and high-end residential living.

PROPERTY FACTS

Price $32,000,000
Price Per Unit $64,128
Sale Type Investment
No. Units 499
Property Type Multifamily
Property Subtype Apartment
Apartment Style Hi-Rise
Building Class A
Lot Size 0.59 AC
Construction Status Proposed
Building Size 752,802 SF
No. Stories 47
Year Built 2026
Parking Ratio 0.82/1,000 SF
Opportunity Zone Yes

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 499 - -
Walk Score®
Walker's Paradise (93)

PROPERTY TAXES

ZONING

Zoning Code T6-36a-O (Opportunity Zone)
  • Listing ID: 34757271

  • Date on Market: 2/7/2025

  • Last Updated:

  • Address: 3350 Biscayne Blvd, Miami, FL 33137