Marcus & Millichap has been selected to exclusively market for sale the Edgewater Miami Land Development in Miami, Florida. The offering represents a fully entitled, shovel-ready hotel development with up to 207 buildable rooms situated in Miami’s cultural hub of Edgewater. The 34,046-square-foot lot is zoned T6-36A-L and T6-36A-O under the Miami 21 form-based zoning code and has already broken ground with over $1 million worth of installed pilings. This zoning permits high-density development and offers the greatest variety of uses including residential, commercial/retail, lodging, and civic and civil support. The remaining soft costs include approximately $1.5 million in impact fees before the initiation of vertical development. New ownership will have the opportunity to capitalize on the pre-development work already completed and immediately start vertical construction upon closing. The Edgewater Hotel Development has the potential to be a lasting part of Miami’s Edgewater and Midtown markets. Situated in Miami’s cultural hub, the offering represents an opportunity to develop a trophy asset in the city’s soon-to-be dining, shopping, and entertainment mecca.