VACANT LAND
Asking price of USD $2,500,000
Ref: 546-451-514
Bedroom(s), Bathroom(s) |
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Between 31st and 32nd street, East of Biscayne Blvd.
Project Biscayne
The subject is located within the City of Miami in Miami-Dade County and within 1/4 mile southeast of the intersection of Biscayne Blvd and NE 36 Street and generally in the 'Edgewater' section of the City of Miami. Over the past five years, the subject's neighborhood has seen a major change in the land uses with older 2-4 family and apartments buildings beingdemolished for the construction of new mid and high rise condominium buildings. Additionally, many of the older commercial buildings on Biscayne Blvd have also been demolished for new commercial buildings and uses. Due to the high demand, there has been a major appreciation of values during these past five years - primarily for the demand for the land for the potential edevelopment. A second reason for the redevelopment has been the construction of the Performing Arts Center which is located within one mile south of the subject on Biscayne Blvd.
Biscayne Blvd is a primary north/south commercial artery that runs a distance of over fourteen miles from downtown Miami to the Miami-Dade/Broward County line. As a primary commercial artery, it has a wide variety of supporting businesses including hopping centers, banks, restaurants, gas stations, car dealerships, office buildings, etc. It also provides access to the north campus of Florida International University (eight miles north) to Aventura Mall (ten miles north) - the largest shopping mall in the county
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