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    100 21St St Miami, FL 33137

    For Sale
    $10,630,000

    Miami development site, 0.81 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 35,365 square foot development site presents a unique opportunity in Miami's vibrant Edgewater neighborhood. Located at 100-126 NE 21st Street, this property boasts T6-8-O zoning, allowing for the construction of up to an 8-story building with 121 units by right. Miami 21 code bonuses for public benefits could potentially increase this significantly, even exceeding 800 units and 36 stories with over 500,000 buildable square feet. The site's strategic location, just outside the Arts & Entertainment District and a block from Wynwood access, offers unparalleled connectivity. Its proximity to Young Arts, the Adrienne Arsht Center, and a Publix supermarket further enhances its appeal. The asking price of $10,630,000 represents a competitive $332 per square foot, especially considering the potential for a larger-scale project compared to similar sites in eastern Edgewater, which trade at $450-$600 per square foot. This property is situated within a Qualified Opportunity Zone (QOZ) and abuts the Braman campus. The site was recently expanded to include an additional 7,100 square foot parcel at 126 NE 21st Street, bringing the total land area to 0.81 acres. The original 28,265 square foot parcel at 100-118 NE 21st Street is also available separately for $9,500,000, allowing for the development of 97 units by right. The property's APN is 0131250160300.

    Property Features for 100 21St St

    General Information

    Property type
    Land

    HighLights

    • $10,630,000 asking price for 35,365 square feet of land.
    • Miami, FL Edgewater location, zoned T6‑8‑O, allowing for up to 8 stories and 121 units by‑right.
    • Potential for high‑density development exceeding 800 units with Miami 21 code bonuses.
    • Located in a Qualified Opportunity Zone (QOZ), near Young Arts, Adrienne Arsht Center, and Publix.
    • Competitive price of $332/sq ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robinson Industries Electrician Omni 21 Apartment Building LibertyX Bitcoin ATM Atm Woosh Drinking Water Fountain Bulgari Hotel Hotel

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.193246585766
    Latitude
    25.796929300493

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    FAQs

    What type of property is this?
    Land - Miami development site, 0.81 acres
    Where is this land located?
    The property is located at 100 21St St Miami, FL.
    What is the asking price?
    The asking price for this property is $10,630,000.
    What are key features of this property?
    This property features: $10,630,000 asking price for 35,365 square feet of land.; Miami, FL Edgewater location, zoned T6-8-O, allowing for up to 8 stories and 121 units by-right.; Potential for high-density development exceeding 800 units with Miami 21 code bonuses.
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    100 21St 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
    100 21St St Miami, FL 33137
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