Exceptional Redevelopment Opportunity in Bay Harbor Islands Income producing 6 unit multifamily property in the heart of Bay Harbor Islands, offering rare upside in one of South Florida's most sought ...
| Website: | https://www.nestseekers.com/5397686 |
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| Address: | Bay Harbor Islands, FL 33154 |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:$4,200,000
Description
Exceptional Redevelopment Opportunity in Bay Harbor Islands
Income-producing 6-unit multifamily property in the heart of Bay Harbor Islands, offering rare upside in one of South Florida's most sought-after enclaves. Fully leased with five units on month-to-month tenancies and one annual lease — generating immediate cash flow while preserving flexibility for future plans.
Zoned to accommodate up to 8 luxury condominium residences, this property presents a turnkey opportunity for investors and developers to capitalize on strong demand in a supply-constrained market. Hold for income, build to suit, or develop the next premier boutique condominium address.
Ideally situated just minutes from Bal Harbour Shops, world-class beaches, fine dining, and top-rated schools. A prime location with significant long-term value in a highly desirable coastal community.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11996407
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of The Corcoran Group | |