830 NE 89th St
Miami, FL 33138
Shorecrest 830 Lofts Land · Land For Sale · 0.62 AC

Fully entitled for 20 units. Whether for rental or sale, build 20 modern loft-units in Shorecrest next to Miami Shores in Miami's hot Upper East Side. Builld to have your own and new income property. Build to keep a construction project in your pipe-line. Build because your net income will generate a yield greater than muni-bonds. Rents verified under market rate in this proforma as compared with rents of the Preserve Townhomes Condos directly across the street. Multi-family building to the north of 89th street and this project site just sold for over $11 mm and is undergoing an extensive renovation and repositioning. Participate in the positive changes in the community. See attached the proforma development analysis. This is the urban infill you seek. Join the Preserve Townhomes Condos across the street, Casabianca townhomes on Dixie, being built now, and all of the single family homes surrounding this site in a community that is historic to Miami. The site is within blocks of Biscayne Bay and will achieve panoramic water views. Additionally the site is near to 3 parks to include the adjacent kid-play-park and near the dog and walk park on 89th Street. A block to Phyllis Miller Elementary and walking distance to Publix, TD Bank, Bank of America, Dry cleaners, barbers, Walgreens and more. Within minutes to NE 79th street and the MIMO district, which from Soyka's to 79th Street, offers many amazing eating and entertainment venues making this area one of the best and understated to live, work, eat and play. Miami Shores and Shorecrest has ample demand for condos and/or apartments such as what 830 Lofts offer for those wanting to be in the communities but whom cannot afford the homes starting at $500,000 or alternatively to downsize from larger homes but to remain in the area.