Waterfront Redevelopment Opportunity in North
For Sale
Contact for pricing
Pending
2225 NE 123rd St, North Miami, FL 33181
Prime waterfront property in a rapidly developing urban core.
Property Size25,515 SF
Lot Size0.92 Acres
Days on Market1460
Property Features for 2225 NE 123rd St
General Information
Standard status
Pending
Size
25,515 SF
Class
B
Lot size
0.92 Acres
Property subtype
Multifamily
Zoning
R-4
Occupancy
100%
Investment Type
Redevelopment
Building Details
Year Built
1959
Stories
2
Units
31
Listing Agency:
Global Investments Realty
(786) 789-0647
Listed By:
Joel Rodriguez · License #0545697
Source:
Crexi
Added: Sep 1, 2022
Changed: Aug 23
Last Checked: Aug 29 at 3:12PM
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
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Explore this area
Business Placement
Demographics for 33181, FL
20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
