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Informations principales sur l'investissement
- Hard Corner Assemblage with 100 Feet NE 2nd Avenue Frontage
- Rare On-Site Parking Advantage in Parking Constrained Edgewater
- T6-36 Upside Enables 36 Story 500 Units/Acre Development via the Live Local Act and other bonus programs
- Fully Leased Mixed Use Building Generating over $750,000 in Gross Income
- By Right T6-12-Open Zoning Allows 8.0 FAR Density
- Potential to Acquire a Full Acre
Résumé analytique
DWNTWN Realty Advisors has been exclusively retained to market for sale a two-building portfolio with potential to acquire additional sites for 41,472 SF of high-density land situated at the hard corner of NE 2nd Avenue and NE 24th Street in Miami's Edgewater waterfront neighborhood.
The portfolio comprises a fully-leased, ±15,817 SF mixed-use retail building generating over $750,000 in annual gross rent providing immediate cash flow during entitlement and development planning phases. The property benefits from exceptional location positioning, with 100 feet of frontage on NE 2nd Avenue's premium commercial corridor, direct visibility from Biscayne Boulevard, and rare on-site dedicated parking amenity. Zoned T6-12-Open with exceptional upside potential for T6-36 rezoning (conceptual but backed by similar recent approvals in Edgewater), the site permits development of high-rise residential towers with flexible density ranging from 150 to 500 units depending on unit-mix strategy and market positioning. At maximum T6-36 parameters, the property allows 244,764 SF of buildable area, enabling residential-focused development with ground-floor retail activation. This represents a rare opportunity to acquire a stabilized, income-producing land parcel with transformational development optionality in one of South Florida's most coveted waterfront submarkets.
The portfolio comprises a fully-leased, ±15,817 SF mixed-use retail building generating over $750,000 in annual gross rent providing immediate cash flow during entitlement and development planning phases. The property benefits from exceptional location positioning, with 100 feet of frontage on NE 2nd Avenue's premium commercial corridor, direct visibility from Biscayne Boulevard, and rare on-site dedicated parking amenity. Zoned T6-12-Open with exceptional upside potential for T6-36 rezoning (conceptual but backed by similar recent approvals in Edgewater), the site permits development of high-rise residential towers with flexible density ranging from 150 to 500 units depending on unit-mix strategy and market positioning. At maximum T6-36 parameters, the property allows 244,764 SF of buildable area, enabling residential-focused development with ground-floor retail activation. This represents a rare opportunity to acquire a stabilized, income-producing land parcel with transformational development optionality in one of South Florida's most coveted waterfront submarkets.
Informations sur l’immeuble
| Prix | 14 400 540 € | Nb de biens | 2 |
| Prix/m² | 11 037 € / m² | Individuellement en vente | 0 |
| Type de vente | Investissement ou propriétaire occupant | Surface totale de l’immeuble | 1 305 m² |
| Statut | Actif | Surface totale du terrain | 0,19 ha |
| Prix | 14 400 540 € |
| Prix/m² | 11 037 € / m² |
| Type de vente | Investissement ou propriétaire occupant |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 1 305 m² |
| Surface totale du terrain | 0,19 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 161-163 NE 24th St, Miami, FL 33137 | Bureau | 604 m² | 1924 | - |
| 2400 NE 2nd Ave, Miami, FL 33137 | Local commercial | 701 m² | 1932 | - |
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Edgewater + Midtown Retail Corner
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