10823 Biscayne Blvd
Miami, FL 33161
Biscayne Land | 6.9% Cap Rate · Land For Sale · 0.19 AC

Marcus & Millichap is pleased to exclusively offer the sale of 10823 Biscayne Blvd, Miami, FL 33161 The property consists of an 8,362 square ft (0.19-acre) lot. The property sits on a highly desirable signalized corner on Biscayne Blvd and NE 109th St providing excellent frontage, visibility and accessibility. Average daily traffic counts of 50,000 vehicles on Biscayne Blvd. The property generates multiple sources of revenue through a car wash tenant as well as a billboard leased to an advertising company. The car wash business has been a tenant since July 2023 and is currently awaiting permit approval to begin operations. The advertising company has been a tenant since 2019. This is an ideal covered land play investment in a highly desirable location in one of Miami’s main commercial corridors. It offers an attractive return to potential buyers while benefitting from significant future development potential once the tenants vacate at the end of their term. The zoning of the property is BU-1A Commercial which allows a variety of commercial/business uses as well as significant redevelopment potential. North Miami is seeing significant changes with several high-density residential projects being planned such as the Manor Biscayne Building with 386 Units and Biscayne Shores Apartments with 283-units The investment presents a unique opportunity for an investor to own a high-quality asset in one of Miami’s rapidly growing neighborhoods.