Several commercial parcels totaling just over two acres on Biscayne Boulevard in North Miami Beach have sold as a group for $14.9 million, according to Marcus & Millichap, which brokered the deal.
The buyer of the lots, at 15100 Biscayne Blvd. and 15180-15203 Biscayne Blvd., is Prestige Imports, which runs a luxury-auto dealership three blocks south of the purchase site. The sellers are several companies owned by Edgar Halac and Fernando Halac, according to county records. The Halacs paid a total of about $5.2 million for the land in two separate deals in 2003 and 2012.
The parcels are occupied by a gas station, a car wash, a golf shop and a small restaurant. They sit on the west side of Biscayne Boulevard at 151st Street, which could see increased traffic because it provides access to Florida International University’s Biscayne Bay Campus and a massive, mixed-use development planned at Biscayne Landing, a 183-acre former landfill site.
A recent decision by the city of North Miami Beach to create denser, mixed-use zoning districts to spur redevelopment along the boulevard has led to several properties changing hands. A team of developers recently paid $23.5 million for the land that Dean's Gold strip club now occupies. And a 17.7 acre site on the west side of the boulevard at Northeast 159th Street, a former TECO gas facility being marketed as Biscayne Village, is up for sale.
Sign Up and Save
Get six months of free digital access to the Miami Herald
Miami Herald staff writer Nicholas Nehamas contributed to this report.