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8699 Biscayne Blvd - Biscayne 87 0.76 Acres of Commercial Land Offered at $5,750,000 in Miami, FL 33138
Investment Highlights
- Highly visible corner at Biscayne Blvd. and 87th Street, a key entry point into the City of Miami.
- One-mile average household income exceeds $100,000, ensuring a high-quality customer base.
- Over 45,000 vehicles pass daily, offering unmatched visibility and accessibility.
- Ideal for retail or residential projects, including potential Live Local development.
- Approximately 150 feet of frontage along Biscayne Blvd for maximum exposure.
- Located in a thriving corridor with strong retail and residential demand.
Executive Summary
Biscayne 87 sits on a hard corner at the gateway to the City of
Miami. 8699 Biscayne Boulevard is a premier five-parcel
development assemblage offering excellent visibility. The site
features approx. 150 linear feet of prime frontage on one of
the region’s most critical north-south arteries, capturing a
massive daily traffic count of 45,000 to 55,000 vehicles. The
two parcels along Biscayne are zoned T6-8, providing an FLR
of 5.0 for up to 68,200 buildable square feet across eight
floors—ideal for flagship ground-floor retail and 47
residential units. This is complemented by the three eastern
parcels zoned T5-O, which support an additional 29 units
over five floors. With a combined capacity for 76 units. The
site represents a rare opportunity to command a landmark
mixed-use presence at the intersection of Miami’s MiMo
District and the affluent Miami Shores corridor.
The area around 8700 Biscayne Blvd sits in the heart of
Miami’s Upper East Side, surrounded by neighborhoods like
Morningside, Belle Meade, Shorecrest, and Bay Point, along
with nearby Miami Shores and El Portal, all known for treelined streets and waterfront residential character. Just south,
you transition into more urban and rapidly developing
districts such as the Miami Design District, Buena Vista,
Midtown, and Edgewater, which bring retail, luxury
development, and high-density residential growth. Overall,
this location is a unique blend of quiet historic residential
enclaves to the north and east, with increasingly vibrant,
mixed-use urban neighborhoods to the south—making it a
key transitional corridor along Biscayne Boulevard.
Miami. 8699 Biscayne Boulevard is a premier five-parcel
development assemblage offering excellent visibility. The site
features approx. 150 linear feet of prime frontage on one of
the region’s most critical north-south arteries, capturing a
massive daily traffic count of 45,000 to 55,000 vehicles. The
two parcels along Biscayne are zoned T6-8, providing an FLR
of 5.0 for up to 68,200 buildable square feet across eight
floors—ideal for flagship ground-floor retail and 47
residential units. This is complemented by the three eastern
parcels zoned T5-O, which support an additional 29 units
over five floors. With a combined capacity for 76 units. The
site represents a rare opportunity to command a landmark
mixed-use presence at the intersection of Miami’s MiMo
District and the affluent Miami Shores corridor.
The area around 8700 Biscayne Blvd sits in the heart of
Miami’s Upper East Side, surrounded by neighborhoods like
Morningside, Belle Meade, Shorecrest, and Bay Point, along
with nearby Miami Shores and El Portal, all known for treelined streets and waterfront residential character. Just south,
you transition into more urban and rapidly developing
districts such as the Miami Design District, Buena Vista,
Midtown, and Edgewater, which bring retail, luxury
development, and high-density residential growth. Overall,
this location is a unique blend of quiet historic residential
enclaves to the north and east, with increasingly vibrant,
mixed-use urban neighborhoods to the south—making it a
key transitional corridor along Biscayne Boulevard.
Property Facts
| Price | $5,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.76 AC |
| Property Type | Land | ||
| Zoning | T6-8 O, T5 R - T6-8 and T5 R in the back | ||
| Price | $5,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.76 AC |
| Zoning | T6-8 O, T5 R - T6-8 and T5 R in the back |
1 Lot Available
Lot
| Price | $5,750,000 | Lot Size | 0.76 AC |
| Price Per AC | $7,589,997.57 |
| Price | $5,750,000 |
| Price Per AC | $7,589,997.57 |
| Lot Size | 0.76 AC |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,129,697 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,129,697
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8699 Biscayne Blvd - Biscayne 87
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