USD 2,250,000

148 NE 26th St
Miami, Florida 33137

For Sale

Property Description

We are proud to present a new covered land opportunity in the high-demand Edgewater market just off NE 2nd Avenue. Located within a Qualified Opportunity Zone and zoned T6-8-O, this property has a variety of allowable uses including Retail, Office, Hotel and Multi-Family. With the acquisition of just this lot, the by-right allowable density is 25 units and up to 8 stories before bonuses. There may also be the opportunity to assemble additional land to grow the footprint for a potential project.
There is an existing multi-family building on the site which contains 4 units with short-term tenants and the NOI from the in-place income can be used to cover the costs of holding the asset for a longer term play.

Listed by APEX Capital Realty LLC

Property Details

ID #
A11137047
Status
Sale
Type
Commercial, Land
Zip Code
33137
Lot Area
7,405ft2
Water Source
City/mains water
Septic
City sewer
Fuel Type
Electric
Location
City Location
Lot
Less Than 1 Acre
Road Type
City/County Maintained
Utilities
Internet
Zoning Information
T6-8-O

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