Just Sold! $7.2M Land Development Site in Edgewater of Miami, Florida

Another win for the J+ Group with the sale of an Edgewater development site. The land was part of a large land assemblage zoned for Multifamily Development (Zoned T6-8-O). 

Commercial investors based in New York saw an opportunity in the location at the cross streets of NW 24th St and Biscayne Blvd. The undisclosed investor group is focused on South Florida for new developments to build market-rate rentals. Similar land lots are available in Edgewater and surrounding areas. The buyers were represented by J+ Group at Compass Commercial brokers, Jesse Spencer and Juan Sotolongo. Sellers were represented by Avanti Way agent, Maria C. Gueits.

Deal Highlights

• Sold for $7,200,000
• 29,200 Square Foot
• Buyers Won Over Multiple Offers
• Multifamily Development Zone T6-8-O
• Premium Location in New Development area

The neighborhood of Edgewater is prime bayfront real estate in Miami Florida. It is ideally located between Downtown Miami and Design District, just east of major art and retail districts of Midtown and Wynwood.

Recent population increases in Edgewater have created the demand for luxury residences with resort-style amenities and sweeping views of Biscayne Bay. The possibilities in Edgewater abound as new construction developments continue to grow. Contact J+ Group to inquire further on the many commercial real estate investment opportunities in Edgewater. View Listing