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    112 NE 23Rd St Miami, FL 33127

    For Sale
    $5,500,000

    Three-lot development site in Edgewater near Wynwood and Design District.

    Property size:
    22,140 SF
    Lot size:
    0.52 Acres

    Property Features for 112 NE 23Rd St

    General Information

    Size
    22,140 SF
    Lot size
    0.52 Acres

    Source: FA Commercial Agent Fabio Faerman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Edgewater Development Site Opportunity Zone

    This three-lot site is available for development in the Edgewater District, near the Wynwood and Design District areas. The property is located in an opportunity zone, which offers financial incentives. The property consists of three adjacent folios with dimensions of 160 feet wide by 135 feet long. T6-8-O Zoning allows for the development of 76 apartment units or 152 hotel keys, with a maximum height of 8 stories. The land has a total area of 22,140 square feet. The property's monthly rent (gross income) is $2,200 for 100 NE 23 St, $1,000 for 112 NE 23 St, and $2,100 for 120 NE 23 St, resulting in a total gross income of $63,600. Yearly taxes amount to $43,808.94. The folios are 01-3125-011-0300, 01-3125-011-0290, and 01-3125-011-0280.
    Insight Report Location Intelligence

    Current Use by Public Records

    JEWSY JERK Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19267
    Latitude
    25.798677

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    FAQs

    What type of property is this?
    Land - Three-lot development site in Edgewater near Wynwood and Design District.
    Where is this land located?
    The property is located at 112 NE 23Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime Edgewater District location, near Wynwood and the Design District.; - Opportunity Zone location offering financial incentives.; - T6-8-O Zoning allows for significant development: **76 apartment units or 152 hotel keys, up to 8 stories.**
    (786) 262-9966
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    112 NE 23Rd St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 NE 23Rd St Miami, FL 33127
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