Listed by Marcus & Millichap
$5,750,000
Biscayne 87
Details
Property Type Land
Sub Type Commercial
Acreage 0.760
Zoning T6-8 & T5-O
Land | 0.76 acres
Marketing description
Biscayne 87 sits on a hard corner at the gateway to the City of Miami. 8699 Biscayne Boulevard is a premier five-parcel development assemblage offering excellent visibility. The site features approx. 150 linear feet of prime frontage on one of the region’s most critical north-south arteries, capturing a massive daily traffic count of 45,000 to 55,000 vehicles. The two parcels along Biscayne are zoned T6-8, providing an FLR of 5.0 for up to 68,200 buildable square feet across eight
floors—ideal for flagship ground-floor retail and 47 residential units. This is complemented by the three eastern parcels zoned T5-O, which support an additional 29 units over five floors. With a combined capacity for 76 units. The site represents a rare opportunity to command a landmark mixed-use presence at the intersection of Miami Shores corridor.
The area around 8700 Biscayne Blvd sits in the heart of Miami’s Upper East Side, surrounded by neighborhoods like Morningside, Belle Meade, Shorecrest, and Bay Point, along with nearby Miami Shores and El Portal, all known for treelined streets and waterfront residential character. Just south, you transition into more urban and rapidly developing districts such as the Miami Design District, Buena Vista, Midtown, and Edgewater, which bring retail, luxury development, and high-density residential growth. Overall, this location is a unique blend of quiet historic residential enclaves to the north and east, with increasingly vibrant, mixed-use urban neighborhoods to the south—making it a key transitional corridor along Biscayne Boulevard.
Investment highlights
- Price / Buildable Unit: $75,658
- Lot Size SF: 32,952 SF
- Gateway into the City of Miami
- Lighted Corner at Biscayne Blvd. and 87th Street
- Excellent Retail and Residential Development opportunity
- One MileAverage Household Income Over $100,000
- Approx. 150 Feet of Frontage on Biscayne Blvd
- Potential for Live Local Project
- Over 45,000 Cars Daily on Biscayne Blvd
Listing Contacts
Listed by Marcus & Millichap
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