113 Northeast 25th Street

Miami, FL 33137

113-123 NE 25th St Miami

Listing ID: 187607

$7,400,000

For Sale

Lot Size Acres 0.645
Land Sq Ft 28,100
Land Price per Sq Ft $263.35

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Description

APEX Capital Realty is pleased to present a 28,100 land square feet zoned for a mid-rise development within an opportunity zone in the urban core of Miami. Located in the Western portion of Edgewater between NE 2nd Avenue and the train-tracks, the offering contains 2 contiguous parcels which feature a shovel-ready project.
In addition to offering a shovel-ready project, this site also boasts a fully built-out office (or easily converted residential) building with 1,438 leasable Square Footage which the buyer can lease out to a tenant or utilize as a sale center/development office before the project breaks ground. The building includes renovated kitchen and 2 full bathrooms, 2+ private offices, conference room, living room/reception area, and ample on-site parking.
Zoned T6-8-O, you can build up to 8 stories (or up to 12 stories with bonuses for public benefit), and 140,500 buildable Square Feet (without bonuses) of Multi-family, Retail, Office, Hotel, or other residential/commercial uses. The density of 150 units/acre allows for up to 97.5 units on this site, or double the density for hotel which equates to 195 keys.
Shovel-ready project info:
25 Edgewater Residences is a 12-story boutique building featuring 93 units ranging from studios to one, two, and three bedroom residences from 690 SF to 1570 SF. Fourth-floor units will have very spacious terraces of approximately 970 SF. The project will also feature assigned parking spaces, and a wide variety of amenities located throughout three of the building’s floors
PROPERTY HIGHLIGHTS:
Located within a Qualified Opportunity Zone in the evolving Edgewater neighborhood of Miami
Amenity-rich shovel-ready project, 25 Edgewater, available for the site that features 12-stories and 93 units
Site also boasts a fully built-out, updated office (or easily converted residential) building with 1,438 leasable Square Footage which the buyer can lease out to a tenant or utilize as a sales center/development office before the project breaks ground
Located right across the train tracks from Wynwood and directly next door to holistic retail / community space, The Sacred Space/Plant Miami
Within minutes of Downtown, Midtown, & steps from the NE 2nd Ave retail corridor

Attachments & Files

113-123-ne-25-street-Hqc-oVa.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		28,859	251,147	527,969
Population Median Age		37	39	40
Population by Age	0-9 Yrs	2793 (9%)	28025 (11%)	57362 (10%)
	10-19 Yrs	2349 (8%)	23074 (9%)	48613 (9%)
	20-29 Yrs	5102 (17%)	39619 (15%)	75621 (14%)
	30-39 Yrs	6280 (21%)	45922 (18%)	88129 (16%)
	40-49 Yrs	4585 (15%)	35713 (14%)	76557 (14%)
	50-59 Yrs	3458 (11%)	31714 (12%)	70549 (13%)
	60-69 Yrs	2545 (8%)	23260 (9%)	52939 (10%)
	70+ Yrs	1746 (6%)	23818 (9%)	58199 (11%)

Median HH Income		$51,344	$34,340	$38,647
Total Household Income	< 24K	3057 (25%)	38695 (39%)	72205 (35%)
	25-49K	2885 (23%)	23108 (23%)	47876 (23%)
	50-74K	1761 (14%)	13365 (13%)	29006 (14%)
	75-99K	1315 (10%)	7844 (7%)	17571 (8%)
	100-199K	2331 (19%)	10248 (10%)	24108 (11%)
	200K+	762 (6%)	5027 (5%)	12107 (5%)

Highest Education Level	No Diploma	3562	45540	85129
	Diploma or GED	4815	52200	109725
	Some College	3094	23611	52564
	Assoc. Degree	1445	11330	27173
	Bachelors Degree	5305	30571	68475
	Higher Degree	3634	20163	46267

Total Housing Units		15,301	120,922	254,055
--Owner-Occupied		2,768	21,832	63,358
--Renter-Occupied		9,342	76,455	139,516
Owner-Occupied Values	< 100K	281	2915	6656
	100-199K	327	4455	11977
	200-299K	551	4435	13349
	300-399K	596	2651	9613
	400-499K	283	1848	5859
	500K+	730	5528	15905

Total Working Age Population		24,557	209,579	440,967
In Work Force		17,128	129,401	276,320
Not In Work Force		7,429	80,178	164,647
Workforce Employed		15,877	119,267	256,136
Workforce Unemployed		1,250	9,963	19,949
Civlian Workforce		17,128	129,230	276,085
Military Workforce		0	171	235

Total Households		12,111	98,287	202,873
Family Households		5,291	49,055	107,484
Non-Family Households		6,819	49,232	95,390
Married Couple		3,003	26,422	62,530
Other Family		2,288	22,633	44,954
Married w/Child		1,153	10,027	23,018
Single Male w/Child		183	1,754	3,853
Single Female w/Child		919	8,253	15,483

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.