100-126 NE 21st St - Commercial LAND FOR SALE


Miami, FL 33137 35,284 SF
$10,630,000 USD
305-399-9283
100-126 NE 21st St, Miami, FL for Sale
$10,630,000 USD
Commercial LAND - FOR SALE
1/7
35,284 SF

100-126 NE 21st St
Miami, FL 33137


HIGHLIGHTS

  • Ideally situated for either market-rate or Live Local project
  • Qualified Opportunity Zone (QOZ)
  • Competitively priced in high barrier-to-entry neighborhood
  • Southern-most location in Edgewater, blocks from both A+E District and Wynwood
  • Expanded assemblage of 0.81 acres for 121 units by-right

OVERVIEW

Introducing an expanded coveted land development opportunity for mid-rise or high-rise project in the popular Edgewater neighborhood of Miami. Located at the Southern-most quadrant just outside the borders of both the Arts + Entertainment District (OMNI), and only a block from the access road to Wynwood that crosses the train-tracks (one of only a few crossings in the neighborhood). With T6-8-O zoning, a developer can build up to 8 stories and 121 units BY-RIGHT. With the bonuses available in the Miami 21 code for various public benefit, a developer can exceed this count without applying for a Live Local project. That said -- this site has the potential to be a perfect Live Local project as it's located slightly off the main corridor and would lend itself nicely to a mixed-income project of higher density (over 800 units, 36 stories, and over 500,000 buildable square feet would be the new maximums). This offering is also very competitively priced for the neighborhood at $332/Sq. Ft., despite the potential to develop a project of the same scale as would be allowed in the eastern portion of Edgewater which trades between $450-$600/Sq. Ft. Also located within a Qualified Opportunity Zone (QOZ) and abutting the Braman campus within walking distance to Young Arts, the Adrienne Arsht Center, and Publix. NOTE: This offering was recently expanded to include an additional 7,100 Sq. Ft. parcel at 126 NE ST, for a total land area of 0.81 acres. The parcels at 100-118 NE 21 ST are still available separately should the buyer prefer the original 28,265 SF offering, at a price of $9,500,000 for 97 units by-right.

FOR SALE DETAILS

PRICE

$10,630,000 USD

PRICE/ACRE

$13,123,308/AC

PRICE/SF

$301 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Edgewater Land Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units, Hotel, Religious Facility

LAND ACRES

0.81 AC

LAND SF

35,284 SF

OFFSITE IMPROVEMENTS

-

ZONING

T6-8-O

APN/PARCEL ID

01-3125-016-0270,01-3125-016-0280,01-3125-016-0300

ASK ABOUT THIS PROPERTY

Elina StolyarThe Alpha CommercialMore Info
305-399-9283

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Elina StolyarThe Alpha CommercialMore Info
305-399-9283

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