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1029 94th St, Bay Harbor Islands FL 33154

Commercial For Sale
$6,250,000

BTC: 77.16049383

ETH: 2,552.06206615

30 days
0 room(s)

Overview

Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories. The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity. The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.

Location

Florida • Bay Harbor Islands • 33154 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Common
Year Built:
1951
Lot:
11250 Square Feet
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,900,000
$2.1M – $5.7M
Confidence Low
List vs. estimate
$1.4M above estimate
List $6,250,000 · +27.6%
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: $840K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features

  • Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Parking

    • Common

    Lot

    • Lot: 11250 Square Feet

    Other Property Information

    • Parcel Number: 13-22-27-001-2630

    • Zoning: 4500

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A12065320

    Other facts

    • Lot Features: Location In A Flood Zone

    • Window Features: Complete Impact Glass

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33154
389
median $1.8M
Active
Same city
Bay Harbor Islands
174
median $1.7M
Active
Same type
Commercial
11
median $5.2M
Active
Similar price
$4.4M – $8.1M
23
median $5.3M
Active

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: MSP Group, LLC