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7201 Biscayne Blvd, Miami FL 33138

Commercial For Sale
$10,500,000

BTC: 164.06250000

ETH: 5,833.33333333

43 days
0 room(s)

Overview

Prime Development Opportunity with Existing Income Exceptional opportunity to acquire a 24,480 SF development site in one of Miami’s fastest-growing corridors. Located directly on Biscayne Blvd, this property offers high visibility, strong traffic exposure, and significant upside potential. The site is currently home to the well-known “Jimmy’s” restaurant, a recognized local landmark, providing immediate presence and potential holding income while planning redevelopment. Zoning: Dual zoning T5-O & T3-L Development Potential: Approx. 36 residential units (subject to setbacks and regulations) Height Allowance: Up to 3 stories / 40 ft (principal structure) Ancillary Structures: Up to 2 stories, not exceeding main building height Density & FAR: No traditional limits applied Use: Mixed-use development permitted Miami 21 zoning (Article 4, Table 3) allows a wide range of uses including residential, retail, office, and hospitality making this site ideal for a boutique mixed-use project or residential development. Strategically positioned in a rapidly evolving area with ongoing growth and redevelopment, this property offers a rare combination of location, flexibility, and income in place.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.56 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,650,000
$900K – $9.7M
Confidence Low
List vs. estimate
$7.8M above estimate
List $10,500,000 · +296.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $706K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$49,000
2025
All facts and features
  • Lot

    • Lot: 0.56 Acres

    Other Property Information

    • Parcel Number: 01-32-07-033-0010

    • Zoning: 6101

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Cable Connected

    • Electricity Connected

    • Phone Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Sewer Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $49,000

  • Source details

    • MLS ID: A12005314

    Other facts

    • Lot Features: Corner Lot / 1-2.5 Acres

    • Water Source: Municipal Water

    • Lot Size Dimensions: 0x0

    • Subdivision Name: BELLE MEADE

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: I Home Miami