76 Unit | Opportunity Zone Land | Edgewater

Highlights:

• The property consists of 3 adjacent folios with dimensions 160'w x 135'l
• T6-8-O Zoning allows for development of 76 apartment units or 152 hotel keys, and maximum height of 8 stories
• The land is located in an opportunity zone
• Monthly Rent (Gross Income) : 100 NE 23 St $2200, 112 NE 23 St $1000, 120 NE 23 St $2100
• Total Gross Income: $63,600
• Total Expenses: Yearly Taxes $43,808.94
• Folios: 01-3125-011-0300 ; 01-3125-011-0290 ; 01-3125-011-0280

Description:

FA Commercial is pleased to present this exclusive listing; a three-lot site for development in the Edgewater District. The land is located near major hotspots of Miami such as Wynwood and the Design District, which are both experiencing exponential growth. This property is also sited in an opportunity zone, which offers great financial incentives

Discover the endless potential of Miami's thriving urban landscape surrounding the 76 Unit Opportunity Zone Land. Situated in the heart of Miami's vibrant arts and cultural district, the property offers convenient access to the renowned Wynwood Walls, a dynamic outdoor street art gallery, as well as the upscale boutiques and eclectic dining options of the Design District. Just moments away from the pristine shores of Miami Beach and the bustling energy of downtown Miami, investors will find an enticing blend of entertainment, commerce, and luxury. Embrace the opportunity to be part of this dynamic community and capitalize on the burgeoning potential of this prime location.

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