322 -Unit Edgewater Development Site

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Address: 801 NE 4th Ave, Miami, FL 33132, USA

Florida & Gulf Coast + Apartment Buildings

Created date: December 6, 2024

Date last updated: December 6, 2024

Property Description

Nestled in the heart of Miami’s vibrant landscape, 1801 NE 4th Avenue stands as a testament to unparalleled opportunity. Spanning across a generous 14,088 Sq. Ft. lot, this property boasts 18 units and is graced by a zoning status of T6-36A-L, a gateway to high-rise development and short-term hospitality in the illustrious Miami-21 zoning landscape. The site is located in a Transit Oriented District. Thus, there are no parking requirements for micro units 400 Sq Ft or smaller. Situated within the dynamic confines of the OMNI CRA, this gem carries a zoning underlay that beckons as per right : in concerto with Live Local, the ability to build 322 micro units, with no parking requirements, 60% Market rate and 40% affordable to tenants earning up to 120% of the Area Median Income (AMI). In this case - $2126 max for studios. Coming out to $5.50/Sq Ft in rent. Surrounded by esteemed neighbors like Opera Tower, 1800 Club, Quantum on the Bay, and across from the ARIA Reserve , blocks from David Grutmans newest restaurant and all the excitement with the new Edition hotel and residences. This is a truly amazing irreplaceable location. A beacon for boutique condo development or a haven for hospitality ventures, this property’s proximity to Midtown, Wynwood, and the Design District further elevates its allure. Its strategic placement not only promises a premium living experience but also tantalizes with the prospect of stunning water views. In essence, this address is a canvas for a visionary developer to craft an iconic chapter in Miami’s skyline, merging luxury, location, and limitless possibilities

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings \| Land/Development
Price:	$16,000,000
No. of Units:	18
Lot Size:	14,088.00 Sq ft
Zoning Code:	T6-36a-L
Opportunity Zone:	No
Price per unit:	$888,889