Partnership. Performance. REDEVELOPMENT OPPORTUNITY DIRECTLY ON BISCAYNE BAY Avison Young is pleased to exclusively offer for sale the White House Inn development site off of NE 123rd Street in North Miami, FL. This offering represents the opportunity to construct a transformative structure that will serve as a model to all future redevelopment in North Miami. Situated directly on Biscayne Bay and adjacent to the Broad Causeway, the roadway providing access from the mainland to Bay Harbor Islands and Bal Harbour, the Property is comprised of ±1.07 acres of land primed for development, which equates to 107 units on this site. This site offers the potential buyer a rare opportunity to develop an iconic residential structure that will have unobstructed views of Biscayne Bay from the mainland. North Miami’s newly introduced Bayshore Zoning designation allows for a development of up to 115 feet in height, an 80% lot coverage ratio and up to 100 residential units per acre. 2305 NE 123RD STREET NORTH MIAMI, FL John K. Crotty, CCIM Principal, Capital Markets 305.447.7865 [email protected]David Duckworth Principal, Capital Markets 954.938.1806 [email protected]Michael T. Fay Principal, Managing Director - Miami 305.447.7842 [email protected]NE 123RD ST BAY HARBOR ISLANDS BISCAYNE BAY N BAYSHORE DR CLICK HERE TO VIEW VIRTUAL TOUR
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Partnership. Performance.
REDEVELOPMENT OPPORTUNITY DIRECTLY ON BISCAYNE BAYAvison Young is pleased to exclusively offer for sale the White House Inn development site off of NE 123rd Street in North Miami, FL. This offering represents the opportunity to construct a transformative structure that will serve as a model to all future redevelopment in North Miami. Situated directly on Biscayne Bay and adjacent to the Broad Causeway, the roadway providing access from the mainland to Bay Harbor Islands and Bal Harbour, the Property is comprised of ±1.07 acres of land primed for development, which equates to 107 units on this site.
This site offers the potential buyer a rare opportunity to develop an iconic residential structure that will have unobstructed views of Biscayne Bay from the mainland. North Miami’s newly introduced Bayshore Zoning designation allows for a development of up to 115 feet in height, an 80% lot coverage ratio and up to 100 residential units per acre.
2305 NE 123RD STREET NORTH MIAMI, FL
John K. Crotty, CCIMPrincipal, Capital Markets 305.447.7865 [email protected]
David DuckworthPrincipal, Capital Markets 954.938.1806 [email protected]
Michael T. FayPrincipal, Managing Director - Miami 305.447.7842 [email protected]
Waterfront property located on Biscayne Bay, just across the Bay Harbor Islands
Within minutes to Bal Harbour’s high-end shopping, dining and beaches
The Property is comprised of ±1.07 acres of land primed for development
Zoning allows, up to a 115-foot maximum height, 80% lot coverage, 100 residential units per acre, and for dockage to accommodate boat slips.
Site offers the potential buyer a rare opportunity to develop an iconic residential structure that will have unobstructed views of Biscayne Bay
As the market continues to rise in Miami and Fort Lauderdale, North Miami historically continues to be an affordable alternative for both residential and commercial investors. State grants and city investment incentives make it feasible to invest in North Miami. With a new master plan on the way and land designated for the development of over 5,000 residential units, North Miami is a desirable, prime location in comparison to its adjacent competitive markets.
Est. Avg. Household Income (2017) $91,324 $69,870 $73,899
No. of Employees 6,599 50,203 123,545
John K. Crotty, CCIMPrincipal, Capital Markets 305.447.7865 [email protected]
David DuckworthPrincipal, Capital Markets 954.938.1806 [email protected]
Michael T. FayPrincipal, Managing Director - Miami 305.447.7842 [email protected]
2305 NE 123RD STREETNORTH MIAMI, FL
New Developments
1. SoLē Mia Miami2. Apeiron at the Jockey Club3. Uptown Biscayne4. North Miami Chinatown Cultural Arts and Innovation District5. Downtown North Miami6. Kai at Bay Harbor7. Bijou Bay Harbor8. Le Jardin
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Surrounding Amenities
9. Haulover Beach10. Oleta River State Park11. Miami Auto Museum12. The Arch Creek Park13. Whole Foods - North Miami14. The Museum of Contemporary Art (MOCA)15. Miami Shores Aquatic Center16. Miami Shores Country Club17. Indian Creek Country Club18. Bal Harbour Shops19. North Shore Open Park20. Florida International University21. St. Regis Bal Harbour Resort22. Four Seasons Resort at the Surf Club
