River Loft Apartments For Sale Located Off Biscayne Bouelvard

500-522 NE 78th Street Miami, FL 33138

  • 41,575 Square Feet
  • Multifamily-Apartment Residential
  • For Sale

Summary Description

Collier’s International is pleased to offer this unique opportunity to acquire The River Loft Apartments, 43 apartment units in a private enclave located off of Biscayne Boulevard and NE 79th Street. The properties represent a great value-add investment, adaptive re-use or future redevelopment opportunity. Future owners can capitalize on the booming tourism sector and economic improvement in the area by operating the units as short-term rentals, while also having the ability to utilize the property for multifamily use if desired.

Lot Size: 41575 Square Feet

Area Available: 41,575 Square Feet

Features:

  • Biscayne Boulevard is in the midst of an urban renaissance.
  • Increasing demand for short-term rentals.
  • The property is located across 79th Street from the Midpoint Retail Center, home to Youfit Health Club, CVS Pharmacy, T-Mobile, Sabor Tropical Supermarket, Rent-A-Center and mixed office tenants.
  • The Triton Center is located next door. The future development will include 317 condo units, a 135 key hotel, a rooftop restaurant, 24,000 SF of ground-level retail and 587 parking spaces.
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