632 NE NE 85th St – Portfolio, Miami FL 33138,Miami,Miami-Dade County,Commercial Land

$8,770,000

Overview

Description

632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in
place, NOI $229,676 currently in place. Rents from $1,000 to $1,750/mo. with space to increase. Properties allow
118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed.
There’s the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable
units.

Address

Open on Google Maps

Address: NE 85th St - Portfolio
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33138
Area: BISCAYNE HEIGHTS

Details

Updated on October 19, 2023 at 11:41 am

Price $8,770,000
Land Area 1.334 Square Feet
Property Status Commercial Land

Additional details

StreetDirPrefix NE
PublicSurveyRange 32
ShowingInstructions Call Listing Agent, Call Listing Office
ListAgentKey 2b10165af3e8c85844349858a91a0d28
TaxLegalDescription BISC HGTS PB 2-78 LOT 31 LESS N10FT FOR ST LOT SIZE 41745 SQ FT OR 22987-2803/24636-626 0704 4
OnMarketDate 2023-10-16
ListAgentEmail joel@glirealty.com
ContractStatusChangeDate 2023-10-16
MajorChangeTimestamp 2023-10-18T17:21:03.463Z
PhotosCount 18
SubAgencyCompensation 2%
StatusChangeTimestamp 2023-10-18T17:21:03.463Z
BuildingName BISCAYNE HEIGHTS
PriceChangeTimestamp 2023-10-18T17:11:17.607Z
ListingKeyNumeric 387568517
MajorChangeType New
ListingContractDate 2023-10-16
ListAOR A-Miami Association of REALTORS
MLSAreaMajor Biscayne Heights
TaxAnnualAmount 32124
ListOfficeName Global Investments Realty
CurrentUse Other Usage, Other Style
OriginatingSystemKey miamire
PhotosChangeTimestamp 2023-10-18T17:24:50.050Z
RoadFrontageType County Road, City/County Maintained
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 305-635-3005
MlsStatus Active
StreetNumber 632
GrossScheduledIncome 229676
ListingKey 5b9a7d8bca9a01b0aa096c55d113627a
StateOrProvince FL
ShowingContactType Agent, Call Listing Office
FrontageLength 90
ListOfficeKey a81fbe7662e788e12cedbd509c746008
BridgeModificationTimestamp 2023-10-18T21:02:55.342Z
ListAgentFullName Joel Rodriguez
ListAgentOfficePhone 305-635-3005
ParcelNumber 01-32-07-003-0430
SignOnPropertyYN no
OtherExpense 0
IDXParticipationYN yes
InternetAddressDisplayYN yes
ListAgentMlsId 545697
LotSizeDimensions 90x340
ModificationTimestamp 2023-10-18T21:00:08.533Z
OriginatingSystemID miamire
DaysOnMarket 2
BuyerAgencyCompensationType %
ListOfficeMlsId GLIN01
ListAgentDirectPhone 305-635-3005
StreetNumberNumeric 632
PostalCodePlus4 3567
Sewer Public Sanitation
ExpirationDate 2024-10-16
SyndicationRemarks 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $229, 676 currently in place. Rents from $1, 000 to $1, 750/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
MIAMIRE_LPAmtSqFt 150.8817
ListAgentStateLicense 0545697
PublicSurveyTownship 32
ListOfficeFax 305-635-4221
ListingAgreement Exclusive Agency
RoadResponsibility Public Maintained Road
PublicSurveySection 7
ListingId A11471627
OriginalListPrice 8770000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 2%
InternetAutomatedValuationDisplayYN no
OriginalEntryTimestamp 2023-10-18T17:21:03.463Z
SourceSystemKey 387568517
LotFeatures Central Business District, 1-2.5 Acres
PossibleUse Central Urban, Urban Commercial
LotSizeSquareFeet 58125
InternetConsumerCommentYN no