Marcus & Millichap Lists .83 Acre Miami Development Site

Marcus & Millichap have announced the exclusive listing of The Vine, 404-436 NE 35th Street, a 0.83-acre of land located in Miami, Florida. Unpriced with offers due June 15, 2023.

“This is an excellent opportunity to acquire one of the last properties in Edgewater of size for development with water views. This location offers the ideal 10-minute walk to the Design District, Midtown and soon to open Whole Foods, making this the ideal project for walkability” said Ryan T. Shaw, first vice president investments in Marcus & Millichap’s Miami office.

The property consists of 36,000 square feet of land in the T6-36 Zone of Miami 21 zoning allowing up to 124 residential units or 248 hotel units and is a high-density development assembled over 6 parcels on NE 35th Street between Biscayne Blvd and Biscayne Bay (the water). There are two parcels between the eastern edge of the property and Biscayne Bay.

The site is adjacent to Interstate 195, which provides freeway access in all directions via connections with Interstate 95. Located in Miami’s Edgewater submarket, which is adjacent to other desirable submarkets including the Wynwood Arts District, Midtown Miami, the Design District, Miami Beach and downtown.

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