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$2,000,000

For Sale

$2,000,000

120 NE 25TH STREET MIAMI, FL 33137

Description

EDGEWATER SHORT TERM RENTAL/ DEVELOPMENT SITE

120 NE 25TH STREET, MIAMI, FL 33137

$2,000,000

Cashflowinmiami is pleased to offer for sale. This property is a 1,570 SF building, sitting on a 7,025 SF commercial lot. Centrally located in the Edgewater submarket the property is within walking distance of Midtown and Wynwood. The site is zoned T6-8-O which provides for a flexible development opportunity. The property is currently operated as four-bedroom short term rental property. Which on average rents for $450 / night, providing in-place income. Adjacent to the east of the subject property is a 171-unit multifamily property. Adjacent to the west is a future development site. Additionally, the proposed Brightline train station on NE 27th Street is within walking distance, which will also contribute to the increase in demand for the area. The property is priced to sell and subject to offer.

SUMMARY
SALE PRICE: $2,000,000
LOT SIZE: 7,025 SF
ZONING: T6-8-O

HIGHLIGHTS
Prominent Edgewater Location
Flexible Zoning
In-place Short Term Rental Income
Opportunity Zone - Defer Capital Gains Tax

SOLD
For Sell

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