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Price: $2,000,000

For Sale

Price: $2,000,000

120 NE 25TH STREET MIAMI, FL 33137

Description

Cash Flow in MIami has been retained to arrange the sale of 120 NE 25th St. The subject 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 SIZE7,025 SF

ZONINGT6-8-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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