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601 NE 22nd St Miami FL - Prime Edgewater Commercial Sale

Commercial property with 21 rental units in Edgewater, Miami. Zoned for redevelopment with waterfront views and proximity to key districts.

$11,777,000

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MLS #A11774630

Listing Updated: 2026-07-16 12:45:30

Listed By: Global Investments Realty

Overview

Located in the sought-after Edgewater neighborhood of Miami, this commercial property offers a unique opportunity for investors or developers. The site includes a five-story apartment building with 21 one-bedroom, one-bathroom rental units on a 15,230 sqft lot. Zoned T6-36a-L, the property allows redevelopment up to 52 units and 180,760 sqft, with potential for an additional 40% increase through public benefit incentives. Surrounded by luxury buildings and adjacent to Biscayne Bay and Biscayne Boulevard, the location provides easy access to Midtown, Wynwood, Design District, Downtown, and Brickell. This property is suitable for those looking to maintain rental income or pursue redevelopment in a prime Miami location.

Property Highlights

21 rental units, Edgewater location, waterfront views, T6-36a-L zoning, redevelopment potential up to 52 units, near Midtown and Brickell.

Property Details

City: Miami

State: FL

Zip Code: 33137

Address: 601 NE 22nd St, Miami FL 33137

Year Built: 1972

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Global Investments Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $86,290

Days On Market: 518 Days

Original Listing Description

Located in a prime Edgewater neighborhood with stunning waterfront views to the Bay, offers a unique opportunity to redevelop or maintaining these rental apartments. Total lot of 15,230 SF with a five-story apartment building that comprise 21 residential units of 1 bedroom and 1 bathroom. Convenient zoned T6-36a-L, by right, it can be built up to 52 units and 180,760 SF, plus an additional 40% more with Public Benefit. Property is surrounded by several luxury buildings, totaling over 6,000 units. Adjacent to the bay and Biscayne Boulevard, and just few minutes from Midtown, Wynwood, Design District, A&E District, Downtown and Brickell. Income & Expenses and Rent Roll can be provided by inquiry or during the Due Diligence period.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

601 NE 22nd St, Miami FL 33137

About This Neighborhood

Edgewater is a dynamic Miami neighborhood known for its waterfront access and proximity to cultural and commercial hubs. It offers a blend of residential and commercial developments, with luxury buildings nearby. The area benefits from its closeness to Biscayne Bay, Biscayne Boulevard, and vibrant districts like Wynwood and the Design District, providing residents and investors with diverse lifestyle and business opportunities.

Walkability & Lifestyle

Edgewater boasts a walkable environment with easy access to restaurants, shops, and waterfront parks. Residents can enjoy strolls along Biscayne Boulevard and nearby marinas. The neighborhood's connectivity to Midtown and Wynwood enhances daily convenience, offering diverse dining and entertainment options within walking distance. This walkability supports an active and vibrant lifestyle.

Things To Do Nearby

Edgewater residents have access to a variety of activities including waterfront recreation, dining, and cultural experiences. Nearby neighborhoods like Wynwood and the Design District offer art galleries, boutiques, and nightlife. Outdoor enthusiasts can enjoy parks and marinas along Biscayne Bay, while the proximity to Downtown and Brickell provides additional entertainment and shopping venues.

Nearby Schools

Edgewater offers access to a variety of educational institutions within reasonable distance, making it convenient for families and residents. The neighborhood's location allows for easy commuting to schools in nearby districts, supporting educational needs across different age groups. This accessibility adds to the area's appeal for residents seeking quality schooling options.

Why Buyers Like This Area

Buyers appreciate Edgewater for its strategic location, waterfront views, and redevelopment potential. The neighborhood offers a balance of urban convenience and scenic surroundings. Its proximity to Miami's key districts and luxury developments makes it attractive for both investors and residents seeking a vibrant community with growth opportunities.

Investment Potential

This commercial property in Miami's Edgewater neighborhood presents a compelling opportunity for redevelopment or continued rental use. The zoning allows for significant expansion, making it attractive for buyers interested in increasing residential density. Its waterfront location and proximity to vibrant districts enhance its appeal to tenants and future residents, supporting steady demand. While rental income details are available upon inquiry, the property's position in a growing area suggests ongoing interest from renters and developers alike.

Market Trends

The Miami real estate market in Edgewater continues to attract attention due to its waterfront location and redevelopment potential. Demand for multifamily properties remains strong, supported by limited inventory and the area's growing popularity. Buyers are drawn to properties that offer flexibility for redevelopment, especially those near key urban centers. Long-term interest in Edgewater is sustained by ongoing urban development and infrastructure improvements.

Rental Income Potential

The property's existing 21 rental units provide a foundation for rental income, appealing to investors seeking steady cash flow. Its location near major Miami districts and waterfront views increase tenant interest. Seasonal demand and the area's popularity with renters contribute to the property's rental appeal. Detailed income and expense reports are available for serious inquiries, helping buyers assess potential cash flow scenarios.