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3066 NW S River Dr dr - Miami River Waterfront Site 0.79 Acres of Commercial Land Offered at $20,641,201 CAD in Miami, FL 33142
Investment Highlights
- ±34,596 SF (0.79 Acres) Miami River redevelopment site
- Up to 197 residential units under current zoning
- Existing ±7,850 SF building with multifamily or restaurant potential
Executive Summary
Current zoning allows up to 250 units per acre, supporting approximately 197 residential units with potential for up to a 16-story development. Existing improvements can be utilized or redeveloped.
The site is strategically located along the rapidly transforming Miami River corridor with close proximity to Brickell, Downtown Miami, Wynwood, the Health District, Miami International Airport, and major highways. The property would also be an excellent opportunity for a restaurant user or owner-user seeking a presence along the Miami River, which has become one of Miami’s premier dining and entertainment destinations.
Highlights
±34,596 SF (0.79 Acres)
Existing ±7,850 SF building
Up to 250 units per acre
Approx. 197-unit potential
Potential 16-story development
Miami River location
Strong redevelopment corridor
Ideal for restaurant, hospitality, or owner-user
Offered for Sale: $15,000,000
Ground Lease Available: $450,000 NNN (Yearly)
Property Facts
| Price | $20,641,201 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.79 AC |
| Property Type | Land |
| Price | $20,641,201 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.79 AC |
1 Lot Available
Lot
| Price | $20,641,201 CAD | Lot Size | 0.79 AC |
| Price Per AC | $26,128,101.95 CAD |
| Price | $20,641,201 CAD |
| Price Per AC | $26,128,101.95 CAD |
| Lot Size | 0.79 AC |
Rare Miami River development site totaling ±34,596 SF (0.79 acres) with potential for up to 197 residential units. Prime redevelopment opportunity near Brickell, Downtown Miami, major highways, and Miami International Airport.
Description
Rare Miami River redevelopment opportunity totaling ±34,596 SF (0.79 acres) with an existing ±7,850 SF building located in one of Miami’s fastest-growing urban corridors. Current zoning allows up to 250 units per acre, supporting approximately 197 residential units with potential for up to a 16-story development. Existing improvements can be utilized or redeveloped for multifamily, mixed-use, hospitality, restaurant, or owner-user use. Strategically positioned along the rapidly transforming Miami River corridor with close proximity to Brickell, Downtown Miami, Wynwood, the Health District, Miami International Airport, and major highways. The property is also ideal for a restaurant or entertainment concept as the Miami River continues to emerge as one of Miami’s premier waterfront dining destinations. Offered for Sale at $15,000,000 or available for Ground Lease at $450,000 NNN annually.
Property Taxes
| Parcel Number | 30-3128-000-0080 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,360,389 CAD |
Property Taxes
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3066 NW S River Dr dr - Miami River Waterfront Site
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