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3350 Biscayne blvd - Site Plan Approved / Opportunity Zone (1.0) 0.85 Acres of Residential Land in Miami, FL 33137



Investment Highlights
- A rare 0.85-acre infill development opportunity in one of the fastest growing areas of urban Miami.
- Site plan approved for a 499-unit residential project through the Live Local Act, providing the optionality to pursue additional density
- Uniquely positioned for high-density development with up to 300 units available as-of right through bonuses and transferred development rights.
- Located in an Opportunity Zone, providing tremendous tax savings for long-term investors.
- Adjacent to Midtown Miami, a 57-acre master-planned mixed-use neighborhood with 350,000 SF of walkable retail.
- The opportunity to build on the success of the nearby FORMA Miami achieving $6.00 PSF rents.
Executive Summary
Driven by its superior connectivity to the business centers of Brickell and Downtown, its high walkability, and its proximity to major retail destinations in the Design District, Midtown, and Wynwood, Edgewater has become a magnet for young professionals and families. The resulting residential boom has transformed the neighborhood into one of Miami’s most dynamic and soughtafter submarkets.
3350 Biscayne is a unique opportunity to pursue a high-intensity development in the neighborhood’s premier corridor. The Property is site plan approved for a 499-unit project through the Live Local Act, while base zoning, previously transferred development rights, and the Edgewater Intensity Area bonus allow for as-of-right development of up to 300 residential units. Pursuing a 300-unit project would amount to a reduction in density from the approved plans, streamlining the approval process. Alternative development options include up to 600 hotel keys and 500k+ SF of office space as-of-right.
Bordered by Midtown to the west, the Design District to the north, and Crescent Heights’ multi-block mixed-use project to the south, 3350 Biscayne offers an incoming developer the potential to take center stage in the area’s next wave of development. Located in an Opportunity Zone, 3350 Biscayne provides the opportunity for long-term investors to capitalize on the neighborhood’s upward trajectory while benefitting from valuable tax incentives.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.85 AC |
| Lot Size | 0.85 AC |
Total Site Size: 0.85 Acres Zoning: T6-36a-O Allowable Density: 300 Units (Edgewater Intensity Overlay + Transferred Density from the adjacent parcel) Max Height: 36 Stories
Description
3350 Biscayne is site plan approved for a 499-unit project through the Live Local Act, while base zoning, previously transferred development rights, and the Edgewater Intensity Area bonus allow for as-of-right development of up to 300 residential units. Pursuing a 300-unit project would amount to a reduction in density from the approved plans, streamlining the approval process. Alternative development options include up to 600 hotel keys and 500k+ SF of office space as-of-right.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $14,800,000 | Total Assessment | $14,800,000 |
Property Taxes
Contact the Sale Advisor
3350 Biscayne blvd - Site Plan Approved / Opportunity Zone (1.0)
