Overview
APEX Capital Realty is proud to present the opportunity to acquire an extremely high exposure infill land site on the densely trafficked NE 36th Street thoroughfare which serves as the access road to the I-195 / Julia Tuttle Causeway from Edgewater. The site has approved plans for a modern 7,350 Sq. Ft. retail/office building which a developer can break ground on immediately and is currently generating about $130K net annually for the owner with the potential for at least $16,000/ month from short-term uses like parking and advertising. Situated directly behind a row of national retailers which includes McDonalds, Wendy’s, and Pollo Tropical, and adjacent to a popular Taco Bell location, the site sits just one parcel off the busiest intersection of Miami’s urban core Edgewater area at NE 36th Street & Biscayne Boulevard which experiences nearly 60,000 daily vehicles. The property is also walking distance to both the Design District and Midtown complex. For the longer term, the site has by-right zoning allowances for up to 36 stories and 22 units which can be realized by assembling contiguous property or altering the existing plans for a boutique multi-family concept
Property details
This property is no longer on the market. Details are shown as they were published while it was listed.
