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32953111
32953115

5445 & 5501 Biscayne Blvd, Miami, FL 33137 For Sale

RP
FL 3613905
Fausto Commercial
BK
FL 3634365
Fausto Commercial
Listed by Fausto Commercial
$8,500,000
110 days on market
Updated 22 days ago

MiMo Biscayne Assemblage, 2 Designed Options, $8.5M

Details
APN 01-32-18-028-0010
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 38,800
Zoning T4-O

0.88-AC MiMo Assemblage on Biscayne Blvd, Two Designed Options, Advanced Approvals, $8.5M

Marketing description

A rare chance to own a piece of Biscayne Boulevard. Morningside Place is a 0.88-acre corner assemblage at the southern gateway of Miami's MiMo Historic District, one of the city's most characterful and walkable corridors. The vision is already drawn and the approvals are well advanced, so the next owner steps in past the slowest part of the journey. Two designed paths are in play on the same approval base. The first is a lively mixed-use concept: two MiMo-styled buildings with 31 residences above ground-floor shops and dining, joined by a sky bridge and crowned with a shared rooftop terrace. The second is a streamlined all-commercial plan for those who prefer a simpler program. Either way, the architecture and site plan carry the same approvals forward. Designed by DBLewis Architect with land use counsel from Bercow Radell Fernandez & Larkin, the property offers roughly 335 feet of Biscayne frontage, an easy stroll to the neighborhood's celebrated restaurants and cafes, and verified T4-O zoning. A genuinely flexible canvas in a district where opportunities like this rarely come available. Offered at $8,500,000. All information is from sources deemed reliable but is not guaranteed and is subject to buyer’s independent verification. Entitlement, permit, zoning, and waiver approvals are advanced and active, with certain final sign-offs and reviews still in process and subject to change.

Investment highlights

  • 0.88-AC (38,471 SF) two-parcel corner assemblage on Biscayne Blvd in the MiMo Historic District; verified T4-O
  • Two designed options on one approval base: a 31-unit mixed-use program or an all-commercial repositioning
  • Advanced historic, zoning, and waiver approvals bound to the site by recorded covenant (ORB 33339 PG 2572)
  • Zoning Waiver PZ-19-2220 approved 10/24/2024; HEPB approval R-19-057 and Resolution PZ-19-4393
  • Setback waivers to 0' on Biscayne Blvd; 30% transit-corridor parking reduction (52 vs 79 spaces)
  • Lodging-Inn (short-term-rental) approval for 25 of 31 units, not recreatable under current Miami 21 standards
  • Estimated 18 to 30 months of entitlement timeline saved versus an unentitled site
  • ~335 ft frontage on Biscayne Blvd (US-1), ~67,000 AADT; corner at NE 55th St/Ter; Flood Zone X
  • Plans by DBLewis Architect; land use counsel Bercow Radell Fernandez & Larkin
  • Construction documents submitted to the City Building Department (in review)
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Listing Contacts

RP
FL 3613905
Fausto Commercial
BK
FL 3634365
Fausto Commercial
Listed by Fausto Commercial

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Additional Information

Name
Robin Perez
License
3613905
Brokerage
Fausto Commercial
Brokerage Phone
7862615393
Title
Real Estate Broker
Brokerage Address
1761 West Flagler Street
Name
Ben Kunzle
License
3634365
Brokerage
Fausto Commercial
Brokerage Phone
7542199099
Title
Real Estate Agent
Brokerage Address
1761 West Flagler Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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