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Hotel-Motel

Miami/Edgewater Land Development

410 NE 35th Terrace, Miami, FL 33137

Listing Price: Request For Offer

Lot Size
0.69 acres
Land Type
Land

Investment Overview

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. Remaining soft costs include approximately $1.5 million in impact fees before 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.

Investment Highlights

  • Current ownership has broken ground and installed over $1M in pilings.
  • Remaining soft costs include approximately $ 1.5M in impact fees before initiation of vertical development.
  • Option for a joint venture with a $27.5M construction loan secured.
  • The 30,046 Sq. Ft lot is zoned T6-36A-L-and T6-36A-O under the Miami 21 form-based zoning code.

Exclusively Listed By

Financing By

Hotel-Motel

Miami/Edgewater Land Development

Listing Price: Request For Offer

Lot Size
0.69 acres
Land Type
Land

Investment Highlights

  • Current ownership has broken ground and installed over $1M in pilings.
  • Remaining soft costs include approximately $ 1.5M in impact fees before initiation of vertical development.
  • Option for a joint venture with a $27.5M construction loan secured.
  • The 30,046 Sq. Ft lot is zoned T6-36A-L-and T6-36A-O under the Miami 21 form-based zoning code.

Investment Overview

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. Remaining soft costs include approximately $1.5 million in impact fees before 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.

Exclusively Listed By

Financing By

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