Description
Prime Biscayne Boulevard Development Site - ±23,639 SF high-exposure infill assemblage positioned at the prominent corner of NE 23rd Street and Biscayne Boulevard, in the heart of Edgewater's rapidly evolving development corridor.The property is zoned T6-36a-O, providing significant development flexibility for high-density residential, commercial, or mixed-use development, with zoning permitting buildings of up to 36 stories.A maximum potential of 162 residential doors, providing developers with substantial scale on a relatively compact urban site. At the asking price, this equates to approximately $133,540 per residential door.The site is marketed with approximately 397,135 SF of potential FAR, representing an asking price of approximately $54.13 per buildable FAR SF-a key metric for developers evaluating the land basis against replacement and development costs.The property offers direct frontage on Biscayne Boulevard with visibility and access to more than 40,000 vehicles daily, providing a significant advantage for future retail, hospitality, residential, or mixed-use development.The site is surrounded by a significant concentration of residential development, with 6,000+ new residential units within the Edgewater Development Corridor.
Details
| MLS # | A12072319 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 56 |
| Listing Provided By | Global Investments Realty | Joel Rodriguez |
Features
| Zoning | 6405 |
|---|---|
| Acreage | 0.54 |
Exterior
| Lot Features | Central Business District, Corner Lot, City Lot |
|---|
Taxes
| Tax Annual Amount | 128287 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 4250 |
| Subarea | PB02 |
| Community Name | EDGEWATER |
| Listing VS Median (in EDGEWATER) | |
Price: $21,500,000 low | high Med: $681,000 On site: 56 low | high Med: 127.5 | |
Market Activity 33137
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 4250 |
| Subarea | PB02 |
| Community Name | EDGEWATER |
| Listing VS Median (in EDGEWATER) | |
Price: $21,500,000 low | high Med: $681,000 On site: 56 low | high Med: 127.5 | |