Edgewater Development Site Opportunity
For Sale
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112 NE 23rd St, Miami, FL
Three-lot development site in Edgewater near Wynwood and Design District.
Property Size22,140 SF
Lot Size0.52 Acres
Price / SF$248.42
Days on Market472
Property Features for 112 NE 23rd St
General Information
Standard status
Active
Size
22,140 SF
Lot size
0.52 Acres
Property subtype
LAND
Listing Agency:
FA Commercial
(786) 262-9966
Listed By:
Fabio Faerman · License #3045634
(786) 262-9966
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FA Commercial
Investment Insights
Based on property information with market context.
This offering features a three-lot site suitable for development in the Edgewater District, situated near the Wynwood and Design District areas. The property is located in an opportunity zone, which offers financial incentives. The site consists of three adjacent folios with dimensions of 160 feet wide by 135 feet long. T6-8-O Zoning allows for the development of up to 76 apartment units or 152 hotel keys, with a maximum height of 8 stories. The property generates a total gross income of $63,600, derived from monthly rents of $2200 at 100 NE 23 St, $1000 at 112 NE 23 St, and $2100 at 120 NE 23 St. Yearly taxes amount to $43,808.94. The property's folios are 01-3125-011-0300, 01-3125-011-0290, and 01-3125-011-0280. The property has a size of 22140 square feet.
Key Highlights
- 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.
Property Analytics
Property Profile
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Location Intelligence
Trade Area within ½ mile
6,749
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Frequently Asked Questions
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.**
