Colliers International is please to exclusively offer for sale the retail condominiums at 900 Biscayne Bay - Unit R-101C (“900 Biscayne”). The property offers any investor the opportunity to purchase a world class retail condominium, located on the ground floor of the 900 Biscayne Bay luxury condominium project on Biscayne Boulevard directly across from the American Airlines arena in the heart of Downtown Miami.
New developments currently under construction within a short walking distance of 900 Biscayne include Paramount at Miami World Center; One Thousand Museum by the late Zaha Hadid, at which units are priced between $5,800,000 and $22,000,000; and All Aboard Florida connecting Broward, Palm Beach, and Orlando directly with Downtown Miami nearby 900 Biscayne.
Extremely low price point of $1,075,000 or $661 per SF as compared to market rate of $700+ PSF for new grey shell retail condominiums.
Projected cap rate of 6.35% upon lease up, at list price
25 foot ceilings and windows which allows for a mezzanine floor to be built for additional square footage
Directly across from American Airlines Arena
Projected market rent growth as World Center, All Aboard, and neighboring developments are completed.
- Property Type
Retail
- Submarket
- Total Acres
0.04
- Property ID
1919946
