775 81st St 0.13 Acres of Commercial Land Offered at $1,250,000 in Miami Beach, FL 33141

THE ALPHA COMMERCIAL ADVISORS® IS PROUD TO PRESENT A SITE PLAN APPROVED INFILL DEVELOPMENT OPPORTUNITY WITH STREAMLINED PATH TO PERMIT & INTERIM INCOME IN DESIRABLE NORTH BEACH ENCLAVE.
With Design Review Board (DRB) approval already secured and the project advancing toward construction permitting, this thoughtfully scaled residential project significantly reduces pre-development risk and provides a clear, efficient path toward ground-breaking. The approved plans contemplate a modern boutique building with rooftop amenities, private outdoor space, and a residential profile well-suited to the surrounding low-rise neighborhood fabric.
Positioned amidst Miami Beach’s enduring demand for newer housing options and limited competing product for approved projects, the opportunity presents a compelling timing advantage with existing cash-flow that allows development on a deliberate & flexible market-driven schedule while more than covering carry costs.
The approved project on this site, Marina 81, is a 7-unit boutique modern infill development with Design Review Board (DRB) approval in place and advancing toward construction permitting. Fully entitled at the design level, the project features a thoughtfully curated mix of one- and two-bedroom residences, contemporary architecture, private balconies, ground-floor parking and a rooftop pool and lounge amenity, delivering a tailored solution to the evolving lifestyle needs of the surrounding North Beach area.

INVESTMENT HIGHLIGHTS
-Site Plan Approved w/ Clear Path to Permitting: Difficult-to-secure Design Review Board (DRB) approval already in place with plans advancing toward construction permitting, materially reducing pre-development risk.
-High-Demand Boutique Product: Opportunity to supply the market with a thoughtfully scaled 7-unit residential project addressing sustained demand for new, modern alternatives to a district defined by historic housing stock.
-Cash-Flowing & Renovated Covered Component: The property includes a recently renovated 3 Bed / 2 Bath single family home with new roof, impact windows and flexible in-place tenancy, generating positive cash-flow that supports development timeline optionality.
-Established Miami Beach Sub-Market: Positioned within North Beach’s Biscayne Point sub-division, capitalize on stable demand for walkable beach-access property in a proven market capable of supporting both rental & sale product.