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333 NE 23rd St, Miami FL 33137

Commercial For Sale
$21,500,000

BTC: 335.93750000

ETH: 11,300.08829836

New
0 room(s)

Overview

Prime Biscayne Boulevard Development Site — ±23,639 SF high-exposure infill assemblage positioned at the prominent corner of NE 23rd Street and Biscayne Boulevard, in the heart of Edgewater's rapidly evolving development corridor. The property is zoned T6-36a-O, providing significant development flexibility for high-density residential, commercial, or mixed-use development, with zoning permitting buildings of up to 36 stories. A maximum potential of 162 residential doors, providing developers with substantial scale on a relatively compact urban site. At the asking price, this equates to approximately $133,540 per residential door. The site is marketed with approximately 397,135 SF of potential FAR, representing an asking price of approximately $54.13 per buildable FAR SF—a key metric for developers evaluating the land basis against replacement and development costs. The property offers direct frontage on Biscayne Boulevard with visibility and access to more than 40,000 vehicles daily, providing a significant advantage for future retail, hospitality, residential, or mixed-use development. The site is surrounded by a significant concentration of residential development, with 6,000+ new residential units within the Edgewater Development Corridor.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.54 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$6,050,000
$3.2M – $16.9M
Confidence Low
List vs. estimate
$15.4M above estimate
List $21,500,000 · +255.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $722K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$128,287
2025
All facts and features
  • Lot

    • Lot: 0.54 Acres

    Other Property Information

    • Parcel Number: 01-32-30-026-0310

    • Zoning: 6405

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Irrigation Water

    • Phone Available

    • Sewer Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $128,287

  • Source details

    • MLS ID: A12072319

    Other facts

    • Lot Features: Central Business District / City Location / Corner Location / Urban Area Development / Less Than 1 Acre

    • Water Source: Municipal Water

    • Lot Size Dimensions: 139x170

    • Subdivision Name: EDGEWATER

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Global Investments Realty