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11240 Biscayne Blvd - 3.2 Acre Development Site

3.2 Acres of Commercial Land in Miami, FL 33181

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Investment Highlights

Located directly on the highly trafficked Biscayne Blvd corridor in close proximity to Aventura, Miami Beach, Design District/Wynwood, Downtown Miami
Adjacent to a new construction, institutional quality and class-A apartment complex
Scarcity of apartment inventory in the area and not many scalable development sites on the market

Located in a highly desired retail corridor with access to many shops and restaurants
Open zoning with residential and commercial uses allowed

Executive Summary

Colliers International, as exclusive marketing advisor, is pleased to present the opportunity to acquire the 11240 Biscayne Boulevard Development Site. The property consists of one 3.22 acre (140,697 square feet) parcel located with direct frontage on Biscayne Boulevard at 11240 Biscayne Blvd.
The site is conveniently located on Biscayne Boulevard, which is one of Miami’s main arteries connecting Brickell, Downtown Miami and Edgewater to North Miami and Aventura. From the subject property, Miami Beach (Bal Harbour and Surfside), Wynwood and Design District are all within a 15-minute drive. Interstate-95 is also accessible through NE 123rd street just a couple of blocks north of the property.
The site currently has two different zoning designations. 94,497 SF (2.17 acres) are zoned RU-3M Multifamily which allows for the development of 10-21 units per acre. The remaining 46,200 SF (1.06 acres) are zoned BU-1A commercial zoning. Both zoning codes allow for the development of multiple uses including residential, hotel, office and commercial.

Property Facts Under Contract

Sale Type	Investment or Owner User	Property Subtype	Commercial
No. Lots	1	Proposed Use	Commercial Mixed Use Multifamily Apartment Units Hotel Office Park Open Space
Property Type	Land	Total Lot Size	3.20 AC

Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Apartment Units Hotel Office Park Open Space
Total Lot Size	3.20 AC

1 Lot Available

Lot

Lot Size	3.20 AC

Lot Size	3.20 AC

Description

Colliers International, as exclusive marketing advisor, is pleased to present the opportunity to acquire the 11240 Biscayne Boulevard Development Site. The property consists of one 3.22 acre (140,697 square feet) parcel located with direct frontage on Biscayne Boulevard at 11240 Biscayne Blvd. The site is conveniently located on Biscayne Boulevard, which is one of Miami’s main arteries connecting Brickell, Downtown Miami and Edgewater to North Miami and Aventura. From the subject property, Miami Beach (Bal Harbour and Surfside), Wynwood and Design District are all within a 15-minute drive. Interstate-95 is also accessible through NE 123rd street just a couple of blocks north of the property. The site currently has two different zoning designations. 94,497 SF (2.17 acres) are zoned RU-3M Multifamily which allows for the development of 10-21 units per acre. The remaining 46,200 SF (1.06 acres) are zoned BU-1A commercial zoning. Both zoning codes allow for the development of multiple uses including residential, hotel, office and commercial.