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    601 NE 22Nd St Miami, FL 33137

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    For Sale
    $11,777,000

    Edgewater multifamily property with redevelopment potential and waterfront views.

    Lot size:
    0.35 Acres

    Property Features for 601 NE 22Nd St

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1972

    Source: Global Investments Realty Agent Joel Rodriguez

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

    Overview

    Edgewater Multifamily Redevelopment Opportunity

    Located in the Edgewater neighborhood, this property offers redevelopment potential or continued use as rental apartments. The site has a total lot size of 15,230 square feet and features a five-story apartment building containing 21 residential units, each with one bedroom and one bathroom. Zoned T6-36a-L, the property allows for construction of up to 52 units and 180,760 square feet by right, with a potential increase of 40% through Public Benefit. The property is positioned near the bay and Biscayne Boulevard, with proximity to Midtown, Wynwood, the Design District, the Arts & Entertainment District, Downtown, and Brickell. The surrounding area includes several luxury buildings, totaling over 6,000 units.
    Location Intelligence

    Current Use by Public Records

    Audy Apartments Apartment Building Allegiance Finance Financial Institution Miami Video Producer Film Production Company

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Food Market Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.206228
    Latitude
    25.79831

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    FAQs

    What type of property is this?
    Apartment building - Edgewater multifamily property with redevelopment potential and waterfront views.
    Where is this apartment building located?
    The property is located at 601 NE 22Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $11,777,000.
    What are key features of this property?
    This property features: - Prime Edgewater location with waterfront views.; - Redevelopment opportunity with T6-36a-L zoning allowing up to 52 units by right and 180,760 SF.; - Potential for additional 40% buildable area with Public Benefit.
    (305) 635-3005
    Request Owner's contact information
    601 NE 22Nd St Miami, FL 33137
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    Miami, FL 33137
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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
    601 NE 22Nd St Miami, FL 33137
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