100-120 NE 23rd St Miami, FL 33137

Listing office Great Properties International LLC f*@kbrealtor.com Show Phone

Listing date Feb 1, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This 0.51-acre development site is located in Edgewater, a dynamic and rapidly evolving neighborhood of Miami. Zoned T6-8-O, the property allows for residential, commercial, or mixed-use development up to 8 stories. The location offers flexibility for a variety of urban development concepts. Situated within a designated Opportunity Zone, the site provides investors with tax advantages, including the deferral of capital gains taxes and the potential elimination of taxes on new gains if the investment is held for more than 10 years. This structure is compelling for ground-up development projects. The property is strategically located minutes from Downtown Miami, Wynwood, and the Design District, surrounded by business, retail, dining, and entertainment destinations. Edgewater is experiencing strong demand driven by a luxury residential market and sustained neighborhood investment.

Key Highlights

• Opportunity Zone designation provides significant tax advantages (deferral of capital gains and potential elimination of taxes on new gains).
• Zoned T6‑8‑O, allowing for flexible residential, commercial, or mixed‑use development up to 8 stories.
• Located in Edgewater, a rapidly evolving and highly desirable Miami neighborhood.

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FAQs

What type of property is this?

Commercial land - 0.51-acre development site in Miami's Edgewater neighborhood.

Where is this commercial land located?

The property is located at 100-120 NE 23rd St Miami, FL.

What is the asking price?

The asking price for this property is $7,300,000.

What are key features of this property?

This property features: Opportunity Zone designation provides significant tax advantages (deferral of capital gains and potential elimination of taxes on new gains).; Zoned T6‑8‑O, allowing for flexible residential, commercial, or mixed‑use development up to 8 stories.; Located in Edgewater, a rapidly evolving and highly desirable Miami neighborhood.