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566 NW 1st St - River District Approved Project 0.11 Acres of Residential Land Offered at $2,439,405 CAD in Miami, FL 33128
Investment Highlights
- With luxury 12-unit, 7-story project plans advancing through the permitting process, this rare water-view project offers an accelerated timeline
- Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow
- Located within a limited pocket of dense and use-liberal zoning supporting retail, office, and hotel in addition to multi-family and mixed-use
- Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PRESENTS AN ADVANCED LUXURY DEVELOPMENT OPPORTUNITY CAPITALIZING ON MIAMI’S RESURGENT RIVER DISTRICT AND UNDERPINNED BY PREMIUM T6-8-O ZONING.
In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers
recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and
move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street — a primary east-west corridor linking East Little Havana to Downtown Miami — and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum.
INVESTMENT HIGHLIGHTS
Advanced-Stage Approvals: With luxury 12-unit, 7-story project plans advancing straight through the permitting process, this rare water-view project offers an accelerated timeline from acquisition to construction start.
Coveted T6-8-O Underlying Zoning: Located within a limited pocket of dense and use-liberal zoning supporting retail, office, and hotel in addition to multi-family and mixed-use, with by-right allowances for up to 17 units (150 du/acre) before Live Local Act benefits.
Cash-Flowing Covered Component: Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow to cover carry
costs and support development timeline optionality.
River District Value Proposition: Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance evenly blending functionality via commercial
and residential uses and upscale hospitality offerings supporting long-term upside.
In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers
recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and
move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street — a primary east-west corridor linking East Little Havana to Downtown Miami — and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum.
INVESTMENT HIGHLIGHTS
Advanced-Stage Approvals: With luxury 12-unit, 7-story project plans advancing straight through the permitting process, this rare water-view project offers an accelerated timeline from acquisition to construction start.
Coveted T6-8-O Underlying Zoning: Located within a limited pocket of dense and use-liberal zoning supporting retail, office, and hotel in addition to multi-family and mixed-use, with by-right allowances for up to 17 units (150 du/acre) before Live Local Act benefits.
Cash-Flowing Covered Component: Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow to cover carry
costs and support development timeline optionality.
River District Value Proposition: Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance evenly blending functionality via commercial
and residential uses and upscale hospitality offerings supporting long-term upside.
Property Facts
1 Lot Available
Lot
| Price | $2,439,405 CAD | Lot Size | 0.12 AC |
| Price Per AC | $21,212,216.89 CAD |
| Price | $2,439,405 CAD |
| Price Per AC | $21,212,216.89 CAD |
| Lot Size | 0.12 AC |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Rider's Paradise (95)
Property Taxes
| Parcel Number | 01-0201-000-1080 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,047,815 CAD |
Property Taxes
Parcel Number
01-0201-000-1080
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,047,815 CAD
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566 NW 1st St - River District Approved Project
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