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8011-8035 Harding Ave

$6,900,000

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.

Property Documents

  • 8011-8035 Harding Ave, Miami Beach - OM -v4 (1)

Address

  • City: Miami Beach
  • State/county: Florida
  • Country: United States

Detail

Updated on November 19, 2020 at 6:45 am

  • Price: $6,900,000
  • Land Area: 22000 SF
  • Property Type: Land Development
  • Property Status: For Sale

Contact info

Jamie Rose Maniscalco
Jamie Rose Maniscalco

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