This property is Off-Market
700 NE 26th Terrace
Miami, FL 33137 ·
58 Units · Multifamily For Sale
AJA on the Bay
|Building Size||99,368 SF||No. Stories||12|
|Property Type||Multifamily||Year Built||1982|
|Property Sub-type||Mid/High-Rise||Lot Size||37,450 SF|
|Property Use Type||Investment||APN / Parcel ID||0132300530010|
|Listing ID: 15940295||Date Created: 10/13/2008||Last Updated: 11/29/2011|
This is a recently renovated, 12 story, 58 unit apartment building directly on Biscayne Bay with over 200' of water frontage. The building is 100% leased, but at below market rents. There are many opportunities for this property. The building sits on 37,450 s.f. of land that has full entitlements for a 129 unit condo with 155,894 s.f. of saleable area or the existing 99,368 s.f. building could be converted to condo. Sellers are motivated.
The property sits right on Biscayne Bay about 2 blocks east of Biscayne Blvd. It is located in Miami's booming Edgewater district which provides easy access to downtown Miami, the Miami Design District, and the causeways to Miami Beach. Spectacular views of the Bay, downtown Miami and Miami Beach skylines.
- Spectacular Waterfront Property With Substantial Upside
- Condo Convert or Take Advantage of Full Entitlements for Redevelopment
- Close to Downtown Miami, Design Center, Performing Arts Center & Midtown
- Great Access to Causeways to Miami Beach and Airport Espressways
- Seller Financing Available
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