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Steve Chamberland

steve.chamberland@engelvoelkers.com +1(954) 991-8680

$ 2,375,000

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Active

1125 NE 80th ST Miami, FL 33138

4,600 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,600 sqft

Price per Sqft $516

MLS Listing ID F10530404

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $26,655

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Multi Family

Property Description

Unique investment opportunity to acquire a fully renovated, turnkey 8-unit apartment building situated on a generous 12,516 SF lot just half a block from Biscayne Bay in Miami's highly desirable Shorecrest neighborhood. Recently renovated in 2023, the property features a beautifully landscaped courtyard, on-site laundry facilities, and 9 dedicated parking spaces—an exceptional amenity for the area. The unit mix and upgrades position the asset for immediate income generation with strong rental upside. The property is zoned T-5-R, offering significant long-term redevelopment potential. Investors have the option to reimagine the site into a boutique 5-story hotel, condominium, or expanded multifamily project, potentially capturing bay views and maximizing density. Alternatively, this is an ideal long-term hold in a rapidly appreciating submarket, with increasing rental demand driven by proximity to Biscayne Bay, MiMo District, and ongoing neighborhood revitalization. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami's most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach.

Location

State FL

County Miami-dade

Community Laundry Facilities

Area 2320

Zoning 4600

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Vinyl

Fireplace No

Exterior

Parking Features Assigned

Fence Fenced, Partial

Community Features Laundry Facilities

Utilities Available Cable Available

Water Access Desc Public

Roof Type Tile

Accessibility Accessibility Features

Road Frontage City Street

Total Parking Spaces 9

Building

Lot Description Residential Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Mixed Use

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Others

Restrictions Limited Number Vehicles,No Boats,No RV

Tax ID 01-32-08-011-0170

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard, Listed As-Is

Virtual Tour https://www.propertypanorama.com/1125-NE-80th-St-Miami-FL-33138/unbranded

Listed by Steven M. Grossman, PA LoKation

NEARBY SCHOOLS & PROPERTIES

Steve Chamberland

Advisor | License ID: 3548943

+1(954) 991-8680

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