338-412 NE 35th Ter
Miami, FL 33137
Edgewater/Miami Land Development · Land For Sale
·
0.69 AC
Investment Highlights
- Fully entitled, $1 million in pilings have already been installed shovel-ready development in Miami’s cultural hub.
- The Bentley Residence is a 36 story Marriott Autograph Collection Condo Hotel with over 400,000 SF and 325 hotel keys by architect Kobi Karp.
- The 30,046-square-foot lot is zoned T6-36A-L and T6-36A-0 under the Miami 21 form-based zoning code.
- Approved developments include Bentley Residences totaling ~ 400,000 SF and The Kimpton totaling ~200,000 SF.
- The Kimpton Hotel consists of 206 hotel rooms and is full service with ~ 200,000 SF.
- Only $1.5 million in impact fees needed before commencing vertical construction.
Property Facts
| Property Type | Land | Proposed Use | Hotel |
| Property Subtype | Commercial | Total Lot Size | 0.69 AC |
| Zoning | T6-36A-L-and T6-36A-O | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hotel |
| Total Lot Size | 0.69 AC |
| Zoning | T6-36A-L-and T6-36A-O |
Description
Marcus & Millichap has been selected to exclusively market for sale the Edgewater Miami Land Development in Miami, Florida. The offering represents a fully entitled, shovel-ready hotel development with up to 207 buildable rooms situated in Miami’s cultural hub of Edgewater. The 34,046-square-foot lot is zoned T6-36A-L and T6-36A-O under the Miami 21 form-based zoning code and has already broken ground with over $1 million worth of installed pilings. This zoning permits high-density development and offers the greatest variety of uses including residential, commercial/retail, lodging, and civic and civil support. The remaining soft costs include approximately $1.5 million in impact fees before the initiation of vertical development. New ownership will have the opportunity to capitalize on the pre-development work already completed and immediately start vertical construction upon closing. The Edgewater Hotel Development has the potential to be a lasting part of Miami’s Edgewater and Midtown markets. Situated in Miami’s cultural hub, the offering represents an opportunity to develop a trophy asset in the city’s soon-to-be dining, shopping, and entertainment mecca.
Property Taxes
| Parcel Number | 01-3230-005-0030 | Improvements Assessment | $0 |
| Land Assessment | $12,018,400 | Total Assessment | $12,018,400 |
Property Taxes
