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515-519 NE 83rd St
Out Of Market
Recommend
Out Of Market
2
Home61's Closings in
El Portal
Amenities
Key features
Living area
N/A
Lot size
N/A
Tax
$40,522 (2021)
$ /sqft
-
Half Bath/WC
-
Parking Space
18
Building
-
On market
805 days
$ /sqft
-
Type
other
Year Built
1963
Unit
-
Zip Code
33138
Ref./MLS ID
A11159844
DESCRIPTION
Best zoning in el portal - zone 5/urban center - allows 150 units/acre, 80% lot coverage, 6-8 stories, and as little as 1/2 parking space per unit! build 94 units with surface parking, with flexible short/long term leasing options. Just west of biscayne blvd, in close proximity to the upcoming brightline train station, & abutting a new 15 acre mega-development site, this property offers very liberal zoning that can generate both stable long-term cashflow and lucrative short-term income. Office and pure hotel use (188 keys) also allowed. Currently 14 legal units on the site, with a majority of month-to-month tenants, grossing about ~$230,000/yr - collect income while you finalize your development plans. Property recertification completed in december 2021.
Data is provided by Miami Board of Realtors.
Public transportation
Biscayne Bd & NE 83 St
16
3
33
1 mins
Biscayne Bd & NE 85 St
16
3
33
2 mins
Biscayne Bd & NE 82 St
16
3
33
3 mins
NE 81 St & Biscayne Bd
202
33
3 mins
Nearby School In El Portal
Data Provided by greatschools.org
Neighborhood
El Portal
- El Portal
Listed on February 11, 2022 by John Sasso from Charles Rutenberg Realty Fort, this other is for sale. other for sale in El Portal listed at $5,750,000, Reference A11159844
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.