Multifamily Housing
800 Northeast 85th Street Miami, FL 33138
Details & Description
Price: $1,750,000
    Fausto Commercial is pleased to present for sale The Miami Shorecrest Development opportunity, a multifamily and vacant land property located at 800 NE 85th Street, Miami FL 33138. The property consists of 4 units sitting on 7,200 Sq. Ft zoned T5-R and 28,065 Sq. Ft T3-R vacant lot, totaling 35,265 Sq. Ft. of land.Under the current zoning, the property allows an owner developer to build 15 units (10 units multifamily and five single family homes with a retail price of approximately $600,000 each. The developer could partially increase the zoning on the vacant land allowing for an additional 20 units for a total of 30 units or more.The rental market for new construction for studios/one-bedroom apartments are approximately $1,450, two bedrooms/one-bathroom units are generating $1,750, the two bedrooms/two-bathroom units are being rented at $1,850, and the three bedrooms/two bathroom apartments are being leased at approximately $2,500.
    Listing Agents
    Vicente Rodriguez

    O: 305-510-6627
    VR@FaustoCommercial.com
    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.

    800 Northeast 85th Street

    Miami, FL 33138

    Listing ID: 214615
    • 800 Northeast 85th Street Miami, FL 33138 | for Sale | Photo 1
    • 800 Northeast 85th Street Miami, FL 33138 | for Sale | Photo 2
    800 Northeast 85th Street | for Sale | Thumbnail 1
    800 Northeast 85th Street | for Sale | Thumbnail 2
    Building Size: 2,334 SF
    Lot Size: 0.810 AC
    Land Size: 35,265 SF
    Building $/SF: $749.79
    Land $/SF: $49.62
    Price
    $1,750,000
    Description

    Fausto Commercial is pleased to present for sale The Miami Shorecrest Development opportunity, a multifamily and vacant land property located at 800 NE 85th Street, Miami FL 33138. The property consists of 4 units sitting on 7,200 Sq. Ft zoned T5-R and 28,065 Sq. Ft T3-R vacant lot, totaling 35,265 Sq. Ft. of land.

    Under the current zoning, the property allows an owner developer to build 15 units (10 units multifamily and five single family homes with a retail price of approximately $600,000 each. The developer could partially increase the zoning on the vacant land allowing for an additional 20 units for a total of 30 units or more.

    The rental market for new construction for studios/one-bedroom apartments are approximately $1,450, two bedrooms/one-bathroom units are generating $1,750, the two bedrooms/two-bathroom units are being rented at $1,850, and the three bedrooms/two bathroom apartments are being leased at approximately $2,500.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Miami History of Multifamily Housing for Sale

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    Miami Area Market Trends

    Listing Demographics for 800 Northeast 85th Street Miami, FL 33138

    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 Population22,676240,274658,334
    Population Median Age403839
    Population by Age0-9 Yrs3005 (13%)29003 (12%)75389 (11%)
    10-19 Yrs2072 (9%)27185 (11%)69370 (10%)
    20-29 Yrs1937 (8%)33540 (13%)89771 (13%)
    30-39 Yrs4053 (17%)39975 (16%)109978 (16%)
    40-49 Yrs3663 (16%)34740 (14%)92305 (14%)
    50-59 Yrs3498 (15%)32000 (13%)89764 (13%)
    60-69 Yrs2273 (10%)23126 (9%)69239 (10%)
    70+ Yrs2174 (9%)20705 (8%)62517 (9%)
    Median HH Income$49,090$48,509$52,256
    Total Household Income< 24K2900 (29%)24404 (27%)64337 (25%)
    25-49K2120 (21%)21203 (23%)57867 (22%)
    50-74K1503 (15%)14552 (16%)43482 (17%)
    75-99K814 (8%)9633 (10%)26507 (10%)
    100-199K1676 (16%)12402 (13%)38796 (15%)
    200K+873 (8%)6848 (7%)22915 (9%)
    Highest Education LevelNo Diploma20442664275848
    Diploma or GED389241331117155
    Some College32472829572306
    Assoc. Degree16461754842089
    Bachelors Degree36263452096273
    Higher Degree24462155172620
    Total Housing Units10,769105,409349,653
    --Owner-Occupied4,23135,190102,707
    --Renter-Occupied5,65453,854151,198
    Owner-Occupied Values< 100K23425698016
    100-199K375604918180
    200-299K503705420396
    300-399K429401212233
    400-499K73134509380
    500K+19601205634503
    Total Working Age Population18,484195,385541,289
    In Work Force13,104130,076351,833
    Not In Work Force5,38065,309189,456
    Workforce Employed12,284120,912329,925
    Workforce Unemployed8209,15021,636
    Civlian Workforce13,104130,063351,561
    Military Workforce013272
    Total Households9,88589,044253,905
    Family Households5,27952,160141,825
    Non-Family Households4,60636,883112,080
    Married Couple3,29029,68287,883
    Other Family1,98922,47853,942
    Married w/Child1,08611,51331,391
    Single Male w/Child1062,1505,718
    Single Female w/Child1,1539,08120,069

    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
    Monroe County79,589-873,090+174,004074,301

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    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.

    Common Questions and Answers

    What is the asking price for 800 Northeast 85th Street in Miami?
    The asking price for 800 Northeast 85th Street is $1,750,000
    What is the building size of this Multifamily property in Miami, FL?
    The size of the building/unit at 800 Northeast 85th Street in Miami is 2,334 square feet
    How much land does the Miami, FL property at 800 Northeast 85th Street include?
    800 Northeast 85th Street in Miami includes 0.810 acres of land
    What is the population within 1 mile of 800 Northeast 85th Street in Miami?
    The population within 1 mile of 800 Northeast 85th Street Miami, FL 33138 is 22,676 people.
    Who do I contact for questions about 800 Northeast 85th Street?
    You should contact the listing agent, Vicente Rodriguez, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Miami International Airport (MIA) 8
    Fort Lauderdale Hollywood International Airport (FLL) 15
    Palm Beach International Airport (PBI) 58