Edgewater + Midtown Retail Corner Office FOR SALE


Miami, FL - Edgewater
$16,500,000 USD
305-498-9816
, Miami, FL for Sale
$16,500,000 USD
Office - FOR SALE
1/17
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Edgewater + Midtown Retail Corner
Miami, FL
Edgewater


HIGHLIGHTS

  • Hard Corner Assemblage with 100 Feet NE 2nd Avenue Frontage
  • Fully Leased Mixed Use Building Generating over $750,000 in Gross Income
  • Rare On-Site Parking Advantage in Parking Constrained Edgewater
  • By Right T6-12-Open Zoning Allows 8.0 FAR Density
  • T6-36 Upside Enables 36 Story 500 Units/Acre Development via the Live Local Act and other bonus programs
  • Potential to Acquire a Full Acre

OVERVIEW

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.

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Andrew DixonDWNTWN Realty AdvisorsMore Info
305-498-9816

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Andrew DixonDWNTWN Realty AdvisorsMore Info
305-498-9816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.