Edgewater Development Opportunity

Edgewater Development Opportunity

Addresses:

50 NE 23rd St, Miami

60 NE 23rd St, Miami

68 NE 23rd St, Miami

76 NE 23rd St, Miami

49 NE 22nd St, Miami

51 NE 22nd St, Miami

Site Area:            ±60,238 SF (±1.38 Acres)

Uses:                    Multifamily, Hospitality, Mixed-Use or Commercial

Density:               1,000 Units per Acre

Zoning:                 T6-8-O

Blanca Commercial Real Estate, Inc is pleased to be appointed as the exclusive agent for the sale of the Edgewater Development Opportunity (“EDO”). This ±60,238 SF site presents the rare opportunity to build such a transformative project in a world-renowned location.

Investment Highlights:

•Incredible lot size allows for a transformative development opportunity in the heart

of Edgewater.

•Myriad of uses available inclusive of multifamily, hospitality, mixed-use or

commercial.

•Astonishing views with Wynwood directly to the West, Biscyane Bay to the East,

Downtown/Brickell to the South, and Design District to the North.

•Access to both NE 22nd Street and NE 23rd Street providing users terrific traffic

flow.

•Located in an Opportunity Zone, the property benefits from liberal T6-8-O zoning

with additional potential density achievable through the Live Local Act.

•Land is currently leased with in-place annual income of $240,000 plus sales tax.

Expiring March 31, 2025, this lease minimizes carrying costs as a developer seeks

approvals.