For Sale
$14,000,000

2140 2Nd AveMiami, FL 33137

Miami development opportunity: 30,725 sq ft, 160 units.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami, Florida property presents a unique investment opportunity. Located in the highly sought-after Edgewater neighborhood, on NE 2nd Avenue, this 30,725 square foot land assemblage is zoned T6-12-O and comes with an approved site plan for a 160-unit residential development. This includes 54 bonus units granted through a Transfer of Development Density (TDD), exceeding standard zoning allowances. The property benefits from its strategic location, adjacent to Wynwood and north of the Arts & Entertainment District, placing it within a vibrant and rapidly developing area. Adding to its appeal, this assemblage is situated within a Qualified Opportunity Zone (QOZ), offering significant tax advantages. Two existing structures are included: an 8,200 square foot MIDAS center (built in 2019) and a 3,000 square foot multi-family building, both currently vacant but offering potential rental income until development commences. This is the first time both parcels are available as a pre-packaged deal, presenting a streamlined and attractive acquisition opportunity. The asking price for this prime development site is $14,000,000. This is a rare chance to acquire a fully entitled, ready-to-develop site in one of Miami's most dynamic neighborhoods.

Highlights

  • Exclusive offering: Newly packaged 30,725 SF land assemblage in Edgewater, Miami, adjacent to Wynwood and north of the Arts & Entertainment District.
  • Approved site plan for 160 residential units, including 54 bonus units from a Transfer of Development Density (TDD).
  • Located in a Qualified Opportunity Zone (QOZ).
  • Includes two vacant buildings: an 8,200 SF MIDAS center (2019 construction) and a 3,000 SF multi-family building, offering rental income potential.
  • First-time offering of both parcels as a pre-packaged deal.

Property Details for 2140 2Nd Ave

Property type
Land, Industrial properties

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.797827475756
Longitude
-80.190834005957
2140 2Nd Ave, Miami, Florida

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2140 2Nd Ave
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