Mixed-Use

Biscayne Blvd Development Site

2650 Biscayne Blvd, Miami, FL 33137

Listing Price: $12,000,000

Lot Size
0.69 acres
Price/Acre
$17,270,865
Land Type
Redevelopment
Buildable Square Feet
363,192

Investment Overview

Marcus & Millichap is proud to present a five-parcel Biscayne development site located in Edgewater Miami, Florida. This development site opportunity is situated on .69-acres (or 30,266 square feet) of land and is zoned T6-36A-O under the Miami 21 form-based zoning code. This zoning consists of a high density and offers the greatest variety of uses including residential, commercial/retail, lodging, and civic & civil support. This zoning allows up to 104 buildable dwelling units, a maximum height of 36 stories with a bonus to 60 stories, and a floor to lot ratio of 12 (FLR) with a bonus of forty percent of building capacity, yielding the opportunity to develop over 363,000 square feet of space. This excellent development site is in a well-established, mixed-use (zoning) area within Edgewater Miami. Additionally, this land portfolio is situated in an Opportunity Zone. Opportunity Zones provides tax incentive to re-invest their unrealized capital gains into dedicated Opportunity Funds.
This Biscayne land portfolio is in the heart of Edgewater with an entire block of frontage on busy Biscayne Boulevard, which has high traffic counts of over 34,500 VPD and one block east of Northeast 2nd Ave, with a traffic count of over 9,000 VPD. This property has easy ingress and egress access from Biscayne Boulevard, NE 26th Ter, and NE 27th St due to the contiguous layout of the parcels. With two hard corners of ownership, this property provides excellent exposure and visibility. This location provides easy access to the Macarthur Causeway, Interstate-95, 195, 395, and Dolphin Expressway (FL-836). Furthermore, this AAA location is walking distance to Wynwood, The Shoppes are Midtown Miami, Downtown Miami, and its surrounding neighborhoods.
East Edgewater is an exciting new area, emerging as a new hotspot for Miamis cultural, commercial, and residential development. Edgewaters loose borders are Northeast 17th Street to the south, Northeast 37th Street/I-195/the Julia Tuttle Causeway to the north, the Florida East Coast Railway to the west and Biscayne Bay to the east. The neighborhood has a unique bayfront position, dramatic views, and proximity to Miamis ultimate offerings in terms of arts, luxury shopping, high-end hotels, entertainment, and corporate offices. With a strong condominium market and more retail and residential development in the pipeline, the area is experiencing a surge of growth and an influx of inhabitants.

Investment Highlights

  • Five Parcels And A Total Lot Size Of 30,266 Square Feet
  • Zoned T6-36A-O With The Opportunity To Develop Over 363,000 Square Feet Of Space
  • Located Within A Qualified Opportunity Zone
  • Strong Retail And Residential Presence In The Surrounding Area
  • Direct Frontage On Biscayne Blvd Which Has High Traffic Counts Of Over 34,500 VPD

Exclusively Listed By

Mixed-Use

Biscayne Blvd Development Site

Listing Price: $12,000,000

Lot Size
0.69 acres
Price/Acre
$17,270,865
Land Type
Redevelopment
Buildable Square Feet
363,192

Investment Highlights

  • Five Parcels And A Total Lot Size Of 30,266 Square Feet
  • Zoned T6-36A-O With The Opportunity To Develop Over 363,000 Square Feet Of Space
  • Located Within A Qualified Opportunity Zone
  • Strong Retail And Residential Presence In The Surrounding Area
  • Direct Frontage On Biscayne Blvd Which Has High Traffic Counts Of Over 34,500 VPD

Investment Overview

Marcus & Millichap is proud to present a five-parcel Biscayne development site located in Edgewater Miami, Florida. This development site opportunity is situated on .69-acres (or 30,266 square feet) of land and is zoned T6-36A-O under the Miami 21 form-based zoning code. This zoning consists of a high density and offers the greatest variety of uses including residential, commercial/retail, lodging, and civic & civil support. This zoning allows up to 104 buildable dwelling units, a maximum height of 36 stories with a bonus to 60 stories, and a floor to lot ratio of 12 (FLR) with a bonus of forty percent of building capacity, yielding the opportunity to develop over 363,000 square feet of space. This excellent development site is in a well-established, mixed-use (zoning) area within Edgewater Miami. Additionally, this land portfolio is situated in an Opportunity Zone. Opportunity Zones provides tax incentive to re-invest their unrealized capital gains into dedicated Opportunity Funds.
This Biscayne land portfolio is in the heart of Edgewater with an entire block of frontage on busy Biscayne Boulevard, which has high traffic counts of over 34,500 VPD and one block east of Northeast 2nd Ave, with a traffic count of over 9,000 VPD. This property has easy ingress and egress access from Biscayne Boulevard, NE 26th Ter, and NE 27th St due to the contiguous layout of the parcels. With two hard corners of ownership, this property provides excellent exposure and visibility. This location provides easy access to the Macarthur Causeway, Interstate-95, 195, 395, and Dolphin Expressway (FL-836). Furthermore, this AAA location is walking distance to Wynwood, The Shoppes are Midtown Miami, Downtown Miami, and its surrounding neighborhoods.
East Edgewater is an exciting new area, emerging as a new hotspot for Miamis cultural, commercial, and residential development. Edgewaters loose borders are Northeast 17th Street to the south, Northeast 37th Street/I-195/the Julia Tuttle Causeway to the north, the Florida East Coast Railway to the west and Biscayne Bay to the east. The neighborhood has a unique bayfront position, dramatic views, and proximity to Miamis ultimate offerings in terms of arts, luxury shopping, high-end hotels, entertainment, and corporate offices. With a strong condominium market and more retail and residential development in the pipeline, the area is experiencing a surge of growth and an influx of inhabitants.

Exclusively Listed By

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