Biscayne Boulevard Development Site Hits Market For $6 Million

Marcus & Millichap has received the exclusive listing for two land parcels totaling 20,240 square feet in downtown Miami.
The asset is priced at $6,000,000.
Ryan T. Shaw, a Senior Associate in Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of a local private party seller.
“The property is located within blocks of new luxury development projects including: Paraiso Bay, Biscayne Beach and Icon Bay as well as class-A office buildings.  With several national retailers located nearby and easy access to the interstate, it is the prefect mixed-use development opportunity for national tenants entering the market. The residential component will capitalize on the demand of renters who wish to live where they work and play,” says Shaw.
The zoning, under Miami 21, is T6-36A-O. The zoning allows for a development of 242,880 square feet with a total height of 36 floors. The zoning buildable units is approximately 69 units.  The land is located on Biscayne Blvd. between NE 30th and NE 31st Street at 3023 Biscayne Boulevard in Miami

 

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