8011 Harding Avenue

Miami Beach, FL 33141

8011-8035 Harding Ave.

Listing ID: 187580
$6,900,000
For Sale
  • Lot Size Acres 0.510
  • Land Sq Ft 22,000
  • Land Price per Sq Ft $310.60
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Description

APEX Capital Realty is proud to present 22,000 Sq. Ft. in the North Beach neighborhood of Miami Beach. An area that has recently undergone a Master Plan approv- al process, and which is situated between the more developed neighborhoods of Bal Harbour & Mid-Beach, there is opportunity to become a part of the evolving fabric of this community. Comprised of 4 parcels and a total of about 200 Ft. of Harding Avenue frontage, the assemblage sits just a block away from the sand, separated only by what is currently a City of Miami Beach owned parking lot, and Collins Avenue.

The aforementioned parking lot services visitors to the North Beach Oceanside Park & North Shore Park Beach. In 2016, a set of plans were taken through the Design Review Board (DRB) process and approvals were granted on the preliminary design for a 44-key boutique hotel branded as “Own Hotel”. The plans contained approximately 27,494 Sq. Ft. of building within 4-stories and accompanied by 22 parking spac- es. At the time the design was brought to the City, the current owners were asked to maintain the historical character of one of the three existing structures on the land, and these plans account for this request. The three existing multi-family structures currently provide a holdover NOI of about $72,000 across 24 units with a total building area of 10,567 Sq. Ft.

Property Overview

LOT SIZE: 22,000 SF (0.51 ACRES)

LOT DIMENSIONS: 200’ X 110’

ZONING: RM-1

FAR: 1.25

MAX. BUILDABLE SQ. FT.: 27,500 BSF

MAX. HEIGHT: 40 FT / 4 STORIES

MAX. DENSITY: 60 DU/ACRE (30 UNITS ON THIS SITE)

ALLOWABLE USES: HOTEL, MIXED-USE, MULTI-FAMILY, RESIDENTIAL

TOTAL EXISTING BUILDING AREA: 10,567 SF

ASKING PRICE: $6,900,000

Property Highlights

Comprised of 4 parcels and a total of about 200 Ft. of Harding Avenue frontage.

Just a block away from the sand, separated only by what is currently a City of Miami Beach owned parking lot and Collins Avenue. The aforementioned parking lot services visitors to the North Beach Oceanside Park & North Shore Park Beach.

In 2016, a set of plans were taken through the Design Review Board (DRB) process and approvals were granted on the preliminary design for a 44-key boutique hotel branded as “Own Hotel”.

The three existing multi-family structures currently provide a hold-over NOI of about $72,000 across 24 units (plus a slight upside w/ a couple currently vacant units).

In 2016, Dover, Kohl & Partners presented a Master Plan which the city then adopted & committed to the implementation thereof for the purpose of redevelopment and revitalization for the North Beach area.

Conveniently located less than a half-hour from MIA International Airport, 15 minutes from South Beach, and less than 10 minutes from Bal Harbour shops.

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population25,04977,289213,789
Population Median Age424240
Population by Age0-9 Yrs2178 (8%)7749 (10%)24763 (11%)
10-19 Yrs1981 (7%)6699 (8%)21331 (9%)
20-29 Yrs3275 (13%)8659 (11%)27843 (13%)
30-39 Yrs3811 (15%)11439 (14%)32380 (15%)
40-49 Yrs4650 (18%)13032 (16%)32014 (14%)
50-59 Yrs3975 (15%)11125 (14%)29773 (13%)
60-69 Yrs2514 (10%)8734 (11%)23014 (10%)
70+ Yrs2666 (10%)9852 (12%)22672 (10%)
Median HH Income$42,818$56,813$49,232
Total Household Income< 24K3589 (31%)7733 (22%)22528 (27%)
25-49K2781 (24%)7403 (21%)19638 (23%)
50-74K1965 (17%)5615 (16%)13658 (16%)
75-99K1200 (10%)4019 (11%)8364 (10%)
100-199K1048 (9%)5486 (16%)12019 (14%)
200K+641 (5%)3696 (10%)7021 (8%)
Highest Education LevelNo Diploma2562547721937
Diploma or GED52661199934208
Some College2613875327069
Assoc. Degree2459658415261
Bachelors Degree39181457933637
Higher Degree25941189423129
Total Housing Units14,69549,984117,019
--Owner-Occupied2,91014,91235,473
--Renter-Occupied8,31319,03947,755
Owner-Occupied Values< 100K2225962564
100-199K61419296418
200-299K52724046162
300-399K36919634784
400-499K33016363373
500K+848638512172
Total Working Age Population21,81365,436176,428
In Work Force15,62144,186116,083
Not In Work Force6,19221,25060,345
Workforce Employed14,89941,967108,098
Workforce Unemployed6882,1177,827
Civlian Workforce15,58744,084115,925
Military Workforce34103157
Total Households11,22333,95183,228
Family Households5,56218,18246,353
Non-Family Households5,66115,76936,875
Married Couple3,63913,02829,904
Other Family1,9235,15416,449
Married w/Child1,0814,62711,460
Single Male w/Child3238361,918
Single Female w/Child6821,9615,691

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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