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315-333 NE 23rd St - Development Site in Edgewater Biscayne Blvd 0.54 Acres of Commercial Land Offered at $21,500,000 in Miami, FL 33137
Investment Highlights
- Prime Biscayne Boulevard Development Site — ±23,639 SF high-exposure infill assemblage
- Alternative Hotel Development Strategy
- High-Density T6-36a-O Zoning with 397,135 SF of FAR Development Potential
- Exceptional Biscayne Boulevard Exposure more than 40,000 vehicles daily
Executive Summary
Prime Biscayne Boulevard Development Site — ±23,639 SF high-exposure infill assemblage positioned at the prominent corner of NE 23rd Street and Biscayne Boulevard, in the heart of Edgewater's rapidly evolving development corridor.
The property is zoned T6-36a-O, providing significant development flexibility for high-density residential, commercial, or mixed-use development, with zoning permitting buildings of up to 36 stories.
A maximum potential of 162 residential doors, providing developers with substantial scale on a relatively compact urban site. At the asking price, this equates to approximately $133,540 per residential door.
The site is marketed with approximately 397,135 SF of potential FAR, representing an asking price of approximately $54.13 per buildable FAR SF—a key metric for developers evaluating the land basis against replacement and development costs.
The site is surrounded by a significant concentration of residential development, with 6,000+ new residential units within the Edgewater Development Corridor.
The property is zoned T6-36a-O, providing significant development flexibility for high-density residential, commercial, or mixed-use development, with zoning permitting buildings of up to 36 stories.
A maximum potential of 162 residential doors, providing developers with substantial scale on a relatively compact urban site. At the asking price, this equates to approximately $133,540 per residential door.
The site is marketed with approximately 397,135 SF of potential FAR, representing an asking price of approximately $54.13 per buildable FAR SF—a key metric for developers evaluating the land basis against replacement and development costs.
The site is surrounded by a significant concentration of residential development, with 6,000+ new residential units within the Edgewater Development Corridor.
Property Facts
1 Lot Available
Lot
| Price | $21,500,000 | Lot Size | 0.54 AC |
| Price Per AC | $39,618,410.21 |
| Price | $21,500,000 |
| Price Per AC | $39,618,410.21 |
| Lot Size | 0.54 AC |
Prime Biscayne Boulevard Development Site — ±23,639 SF high-exposure infill assemblage positioned at the prominent corner of NE 23rd Street and Biscayne Boulevard, in the heart of Edgewater's rapidly evolving development corridor.
Description
The property offers direct frontage on Biscayne Boulevard with visibility and access to more than 40,000 vehicles daily, providing a significant advantage for future retail, hospitality, residential, or mixed-use development. The site is surrounded by a significant concentration of residential development, with 6,000+ new residential units within the Edgewater Development Corridor.
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Contacts
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Louis McMillian -
Joel Rodriguez -
Michael McCourt -
Global Investments Realty, Inc.
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