5501, Biscayne Boulevard, Bayshore, Miami, United States
Miami-Dade County, FL 33137
$8,500,000
- Land development
- 0.89 acre lot
Highlights
- 38,800 SF (0.89 acres) lot
Property facts
- Price
- $8,500,000
- Property type
- Land development
- Lot size
- 38,800 SF (0.89 acres)
About this property
Zoned T4-O , the site supports a wide range of uses including multifamily, mixed-use, retail, office, and hospitality. The property is also eligible under the Live Local Act, allowing for increased density and reduced parking requirements, significantly enhancing overall development potential. The ±38,800 SF assemblage provides scale and flexibility for developers to design an efficient, market-driven project without the constraints of existing plans, enabling alignment with current construction costs, demand trends, and exit strategies. Positioned along Biscayne Boulevard, the site benefits from strong visibility and exposure to approximately 30,000–40,000 vehicles per day, supporting activation of ground-floor retail and long-term value creation. Preliminary development analysis supports a high-density mixed-use program consisting of residential units, ground-floor retail, and structured parking. Initial underwriting indicates strong projected performance, with attractive yield on cost and IRR potential upon stabilization.
From the listing broker.
Our estimate
Location
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