2201 Biscayne BlvdMiami, FL 33137

Property Details for 2201 Biscayne Blvd

Year built

1922

Construction

CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

3,168 SF

Zone code

CEN HI DENS BORDERS CB

Property type

Turn key restaurants

APN

01-3230-026-0510

APU

132300260510

Description

This exceptional 19,000 square foot commercial land parcel presents a unique development opportunity in Miami's thriving Edgewater neighborhood. Situated on the northeast corner of 22nd Street and Biscayne Boulevard, this property boasts four separate folios and convenient vehicular access via surrounding alleys. Currently improved with approximately 4,000 square feet of existing buildings occupied by short-term tenants paying below-market rents, this site offers significant upside potential. The T6-36A-O zoning allows for a variety of mixed-use, residential, or hotel developments. Its strategic location places it east of Wynwood, north of Downtown Miami, south of the Design District, and west of Biscayne Bay, providing easy access to major highways and surrounding neighborhoods. The proximity to the future Edition Residences development site and the bay further enhances its desirability. This is an unparalleled chance to capitalize on Edgewater's rapid growth and create a landmark project in a highly sought-after luxury residential submarket. The address encompasses 2201, 2219, and 2229 Biscayne Boulevard.

• CAP approach

  CAP return

  Valuation

  6%

  $4,020,742

  6.5%

  $3,711,454

  7%

  $3,446,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,056,509

  Geo Method

  $3,056,509

• Alternative Use

  Use

  Valuation

  Residential

  $3,130,750

  Hospitality

  $2,867,750

  Educational

  $2,385,934

  Medical

  $2,467,990

  Retail

  $3,711,454

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7983

Longitude

-80.1889

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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