2650 Biscayne Blvd

Edgewater, Miami, FL 33137

$11,950,000
Commercial / Office

Property Description

Covered land assemblage in Edgewater containing 4 parcels, a total of 0.57 acres & spans a full city block of Biscayne Blvd, Including a 14,000 SF office building that can be leased in the interim to provide substantial holdover income until a future project is recognized. Additionally, there are 2 existing multi-family buildings totaling 5,230 SF. of leasable area, plus a parcel of vacant land in the center of the assemblage which can support parking for any of the buildings. Located within a Qualified Opportunity Zone and zoned T6-36A-O (the max. height and density allowed in the neighborhood), the assemblage allows a developer to build up to 36 stories and 85 multi-family units OR a mixed-use project containing 171 hotel keys and ground-floor retail, all of which are before bonuses.
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PROPERTY DETAILS

  • Exterior
    .6 Acres
  • Property Type
    Commercial / Office
  • MONTHLY REAL ESTATE TAX
    $5,374
  • MLS/Listing ID
    A11357590
Listing Courtesy of APEX Capital Realty LLC, Jamie Maniscalco - 201-264-0113