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100-120 NE 23 St. - Residential Assemblage - Opportunity Zone 0.51 Acres of Commercial Land Offered at $7,300,000 in Miami, FL 33137
Investment Highlights
- Development Opportunity: 0.51-acre site with potential for a larger assemblage.
- Strategic Location: Just minutes from Downtown Miami, Wynwood, and the Design District
- Opportunity Zone Tax Advantages: Potential to defer capital gains, eliminate taxes on new gains with long-term hold, making it ideal for investors
- Zoned T6-8-O, allowing residential, commercial, or mixed-use development up to eight stories.
- Surrounded by strong population growth, luxury residential development, and premier lifestyle destinations.
Executive Summary
Rare opportunity to acquire a 0.51-acre development site in Edgewater, one of Miami’s most dynamic and rapidly evolving neighborhoods.
The property is zoned T6-8-O, allowing for residential, commercial, or mixed-use development up to 8 stories, offering exceptional flexibility for a variety of urban development concepts.
Strategically located just minutes from Downtown Miami, Wynwood, and the Design District, the site is surrounded by the city’s premier business, retail, dining, and entertainment destinations. Edgewater continues to experience strong demand driven by a booming luxury residential market and sustained neighborhood investment.
Located within a designated Opportunity Zone, offering investors significant tax advantages—including the deferral of capital gains taxes and the opportunity to eliminate taxes on new gains if the investment is held for 10+ years. This structure is opportunity is compelling for ground-up development projects.
The property is zoned T6-8-O, allowing for residential, commercial, or mixed-use development up to 8 stories, offering exceptional flexibility for a variety of urban development concepts.
Strategically located just minutes from Downtown Miami, Wynwood, and the Design District, the site is surrounded by the city’s premier business, retail, dining, and entertainment destinations. Edgewater continues to experience strong demand driven by a booming luxury residential market and sustained neighborhood investment.
Located within a designated Opportunity Zone, offering investors significant tax advantages—including the deferral of capital gains taxes and the opportunity to eliminate taxes on new gains if the investment is held for 10+ years. This structure is opportunity is compelling for ground-up development projects.
Property Facts
| Price | $7,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.51 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | T6-8-O | ||
| Price | $7,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.51 AC |
| Opportunity Zone |
Yes |
| Zoning | T6-8-O |
1 Lot Available
Lot
| Price | $7,300,000 | Lot Size | 0.51 AC |
| Price Per AC | $14,313,725.49 |
| Price | $7,300,000 |
| Price Per AC | $14,313,725.49 |
| Lot Size | 0.51 AC |
Three adjacent lots totaling 0.51 acres, zoned T6-8-O, permitting residential, commercial, or mixed-use development of up to eight stories offering exceptional flexibility for a variety of urban development concepts.
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (86)
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100-120 NE 23 St. - Residential Assemblage - Opportunity Zone
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