2225 NE 123rd St North Miami, FL 33181
Prime waterfront property in a rapidly developing urban core.
Type:Multifamily
Property size:
25,515 SFLot size:
0.92 Acres- Added:
- Sep 1, 2022
- Days on Market:
- 1332
- Last Refresh:
- Mar 17 at 1:23 pm
Property Features for 2225 NE 123rd St
General Information
- Standard status
- Active
- Size
- 25,515 SF
- Lot size
- 0.92 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing agent Joel Rodriguez License #0545697
Listing office Global Investments Realty
Listing date Sep 1, 2022
Source Crexi
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 Global Investments Realty
Overview
Waterfront Redevelopment Opportunity in North Miami
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.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1512
- Latitude
- 25.9061
Nearby Similar for Sale
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.
