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1401 NE 108th St
Miami, FL 33161
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Fully entitled for 177 units with maximum height up to eight stories.
- Premium visibility along Biscayne Boulevard with eastward bay views protected by covenant.
- Amenities envisioned include rooftop pool deck, structured parking, and landscaped open spaces.
- Assemblage includes five folios with combined frontage on NE 108th and NE 109th Streets.
- Flexible site plan supports either rental or condominium development strategies.
Executive Summary
This fully entitled multifamily development opportunity is positioned along Miami’s vibrant Biscayne Corridor, offering a rare ground-up construction scenario in one of South Florida’s most dynamic markets. The 1.84-acre, five-parcel assemblage enjoys dual street frontage with direct Biscayne Boulevard visibility and unobstructed eastward views toward Biscayne Bay. Miami-Dade County has approved Resolution Z-23-23, solidifying zoning as RMD and entitlements for 177 units and a maximum eight-story height, substantially mitigating entitlement risk for developers and investors.
The site is strategically located within minutes of downtown Miami, Bay Harbour Islands, and Miami Beach, placing future residents at the heart of a flourishing residential and retail landscape. Flexible development options allow for execution as a market-rate rental community or a for-sale condominium project, catering to diverse investment strategies in a high-demand corridor. Future plans anticipate a pool deck, structured parking garage, pocket park, and amenity spaces designed for modern lifestyles. This is a turnkey development path in a supply-constrained market with historically strong absorption, making it a superb long-term investment opportunity for multifamily builders and institutional capital groups.
The site is strategically located within minutes of downtown Miami, Bay Harbour Islands, and Miami Beach, placing future residents at the heart of a flourishing residential and retail landscape. Flexible development options allow for execution as a market-rate rental community or a for-sale condominium project, catering to diverse investment strategies in a high-demand corridor. Future plans anticipate a pool deck, structured parking garage, pocket park, and amenity spaces designed for modern lifestyles. This is a turnkey development path in a supply-constrained market with historically strong absorption, making it a superb long-term investment opportunity for multifamily builders and institutional capital groups.
Property Facts
| Sale Type | Investment | Lot Size | 0.41 AC |
| No. Units | 8 | Building Size | 3,308 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Low-Rise | Parking Ratio | 2.67/1,000 SF |
| Building Class | C | ||
| Zoning | BU-1A | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 3,308 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 2.67/1,000 SF |
| Zoning | BU-1A |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Security System
- Refrigerator
- Oven
- Sprinkler System
Site Amenities
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Property Taxes
| Parcel Number | 30-2232-011-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $670,589 |
Property Taxes
Parcel Number
30-2232-011-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$670,589
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