APEX Capital Realty is proud to introduce the opportunity to acquire a shovel ready development site (“The Site”) with existing income in place in the exclusive Bay Harbor Islands of Miami. The site is comprised of two apartment buildings with direct waterfront views to the canal. The buildings sit on a combined lot totaling 22,500 SF / .52 Acres. The Site is prime for redevelopment and has approved plans for 30 luxury residential units with 62 parking spaces. The Site allows for multifamily or a condominium development. It also offers a 150’ frontage on the canal and allows for dock spaces.
Investment Summary
CURRENT TOTAL BUILDING SIZE: 17,801 SF
LOT SIZE: 22,500 SF / .52 ACRES
LOT DIMENSIONS: 150’ X 150?
WATERFRONT FRONTAGE: 150’
ZONING: RM-1
TOTAL PROPOSED SELLABLE SF: 55,716
ASKING PRICE: $8,550,000
Investment Highlights
Currently there are 13 leased multifamily units
Current Income of $267,480, expenses of $169,638, NOI is +/-$100,000/year
Up to 36 residential units can are allowed by the RM-1 zoning with TDR
Expansive area for docks which can be maximized by limiting the size of the slips.
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What is the asking price for 9880 West Bay Harbor Drive in Bay Harbor Islands?
The asking price for 9880 West Bay Harbor Drive is $8,550,000
How much land does the Bay Harbor Islands, FL property at 9880 West Bay Harbor Drive include?
9880 West Bay Harbor Drive in Bay Harbor Islands includes 0.520 acres of land
What kind of Land is the propery at 9880 West Bay Harbor Drive?
The property at 9880 West Bay Harbor Drive Bay Harbor Islands, FL 33154 is listed as a Mixed Use Land Land property
What is the population within 1 mile of 9880 West Bay Harbor Drive in Bay Harbor Islands?
The population within 1 mile of 9880 West Bay Harbor Drive Bay Harbor Islands, FL 33154 is 12,270 people.
Who do I contact for questions about 9880 West Bay Harbor Drive?
You should contact the listing agent,
Garrick Benabe, for any details regarding this commercial listing.
