100 21St St Miami, FL 33137

Property Details for 100 21St St

Year built

1948

Construction

CONCRETE

Lot size

1.38 lot acres

Property size

116,335 SF

Zone code

4100:MULTI-FAMILY,101+U/A

Property type

Hotels

APN

02-3226-001-0040

APU

232260010040

Description

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.

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Longitude

-80.1277

Latitude

25.7958

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments