In the heart of Edgewater, unique and beautiful Mediterranean-style building

$8,500,000
For sale

7984

Property ID

20,367 SqFt

Size

Description

In the heart of Edgewater, unique and hard to find beautiful Mediterranean-style building. Ideal for adaptative reuse as hospitality assets. 3-story building with 20 units fully renovated, gross area of 20,367 sq ft in 0.4311 +/- acre lot size. Opportunity to convert building into Boutique Hotel with a high end Restaurant on ground floor. Several similar concept have done exceptionally well, while becoming highly sought after destinations in the Miami and Miami Beach Markets.QOZ: Property located in a rare crossing where an Opportunity Zone lies in a premium and highly sought after neighborhood which continues to grow, Edgewater. 100% occupied, over 400K rent income per year. The layout includes studios, 1/1 and 2/1 apartments.

HIGHLIGHTS

  • Lot Features: Central Business District, Corner Lot
  • Building Features: Airport Access
  • Number Of Buildings: 1
  • Flooring: Wood
  • Parking Features: Assigned
  • Security Features: Security Fence
  • Buyer Agency Compensation: 3%
  • Ownership: Corporation

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Address

Address: 3300 Biscayne Blvd, Miami, FL
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 7984
  • Price $8,500,000
  • Property Type Multifamily
  • Property status For sale
  • Year Built 1938
  • Size 20,367 SqFt
  • Units 20
  • Floors 3

Contact

Cynthia Hill

Property Agent
+1 305-967-7200
chsellsflorida@gmail.com
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