Current Use by Public Records
- Specialty properties
Property Details for 100-118 21St St
- Property type
- Specialty properties
Description
This exceptional 8,500,000 USD development opportunity is situated in Miami's vibrant Edgewater neighborhood, at 100-118 NE 21st St, Miami, FL 33137. The property boasts a highly desirable location, positioned at the southernmost point of Edgewater, bordering both the Arts & Entertainment District and just a block from the Wynwood access road crossing the train tracks – a rare advantage in this sought-after area. This special purpose property is zoned T6-8-O, allowing for the construction of a building up to eight stories high, with the potential to build up to 97 residential units as-of-right. The Miami 21 zoning code offers additional bonuses for incorporating public benefits, presenting opportunities to exceed the 97-unit limit without needing to pursue a Live Local project. This presents a unique chance for developers to create a significant residential project in a rapidly growing and highly desirable Miami location. The property's strategic location offers unparalleled access to the city's cultural attractions, vibrant nightlife, and convenient transportation links. This is a rare chance to acquire a prime development site in one of Miami's most dynamic neighborhoods. The property is ready for immediate development, offering a significant return on investment for the right developer.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.193
- Latitude
- 25.7968
