Description

DWNTWN Realty Advisors has been exclusively engaged to market a premier two-building portfolio at the hard corner of NE 2nd Avenue and NE 24th Street in Edgewater, Miami, offering a combined 41,472 SF of high-density development land with potential to assemble additional sites. The portfolio includes a fully leased ±15,817 SF mixed-use retail asset generating over $750,000 in annual gross income, providing immediate cash flow during entitlement and planning. The property boasts 100 feet of frontage along NE 2nd Avenue, visibility from Biscayne Boulevard, and rare on-site parking. Currently zoned T6-12-Open with strong potential for T6-36 upzoning, the site supports high-rise residential development with an estimated 150 to 500 units depending on unit mix, and up to 244,764 SF of buildable area at maximum density. This offering presents a unique opportunity to acquire a stabilized, income-producing asset with significant long-term redevelopment upside in one of Miami, Florida’s most desirable waterfront submarkets.