2225 NE 123rd St North Miami, FL 33181

Building Details

Year Built

1959

Listing office Global Investments Realty j***@glirealty.com Show Phone

Listing date Sep 1, 2022

Source Crexi

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Investment Insights

Based on property information with market context.

This multifamily property is located on a 40,000 square foot corner waterfront lot in North Miami, at the entrance of the causeway to Bay Harbor Islands and Bal Harbour. The property consists of 31 units with spacious one- and two-bedroom floor plans, plus efficiencies. The site is directly adjacent to a 40,000 square foot waterfront corner lot recently purchased by Related Group, where luxury condos starting at $4.6 million are planned. The property offers views of Biscayne Bay and is close to US-1, with a high walkability score and access to neighborhood public parks. Residents can access a wide retail offer, including restaurants, coffee shops, gyms, and beauty salons. The Museum of Contemporary Art in downtown North Miami will be expanded by 25,000 vertical square feet. A 7-acre, mixed-use community is planned nearby, and 2500 housing units are planned in the vicinity. The property is positioned to capitalize on residents' desire to be close to everything. The rental market has become one of the fastest-growing neighborhoods in Miami-Dade County.

Key Highlights

• Prime waterfront location on a 40,000 Sq Ft corner lot in a rapidly developing area of North Miami.
• Opportunity to redevelop a condo building (over 80% assembled) in a high‑growth rental market.
• Adjacent to a recent Related Group purchase of a similar lot, with plans for luxury condos starting at $4.6 Million.

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FAQs

What type of property is this?

Apartment building - Prime waterfront property in a rapidly developing urban core.

Where is this apartment building located?

The property is located at 2225 NE 123rd St North Miami, FL.

What are key features of this property?

This property features: Prime waterfront location on a 40,000 Sq Ft corner lot in a rapidly developing area of North Miami.; Opportunity to redevelop a condo building (over 80% assembled) in a high‑growth rental market.; Adjacent to a recent Related Group purchase of a similar lot, with plans for luxury condos starting at $4.6 Million.