PRIME MIAMI RIVER ASSEMBLAGE | 45,000+ SF | T6-8 ZONING | COVERED LAND PLAY >>> Unrivaled urban development opportunity steps from the Miami River district! Presented by Eleventrust, this strategic assemblage combines 5 contiguous parcels totaling 45,000+ SF of prime land in a top growth corridor. === COVERED LAND PLAY WITH IMMEDIATE UPSIDE: Features 47 residential units with a diverse unit mix, offering steady income while plans are finalized. Existing operations hold immense upside, with potential gross revenue exceeding $1,000,000+ by adjusting below-market rents to active market rates. === REDEVELOPMENT POTENTIAL: Zoned T-6-8 under Miami 21, this site is ideal for high-density multi-family, hotel, or mixed-use projects. Positioned in the path of growth with seamless connectivity to Brickell, Downtown, and the Health District. === KEY HIGHLIGHTS: [1] Site Area: 45,000+ SF (5 Parcels) [2] Zoning: T-6-8 (Miami 21 Core) [3] Income Upside: Potential exceeding $1M Gross Income by aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.
| Listing ID: | A12090154 |
|---|---|
| Property Type: | Commercial/Industrial |
| Status: | Active |
| Bathrooms Full: | 0 |
| Waterfront?: | No |
| County Or Parish: | Miami-dade County |
| Postal Code: | 33128 |
| Listing Contract Date: | 2026-09-16 |
| Status: | Active |
| Postal Code Plus4: | 1569 |
| State Or Province: | FL |
| Water Source: | Public |
| Building Area Units: | Square Feet |
| Living Area Units: | Square Feet |
| Net Operating Income: | $524,944 |
| Parcel Number: | 01-02-00-040-1060 |
| Tenant Pays: | Electricity |
| Zoning: | 4601 |
| Ok To Advertise ListMiamire Ok To Advertise List: | With Written Broker Approval |
| List Price: | $10,000,000 |
|---|---|
| Property Sub Type: | Income/MultiFamily |
| Bathrooms Half: | 0 |
| Lot Size Square Feet: | 44,986 |
| City: | Miami |
| Year Built: | 1971 |
| Sewer: | Public Sanitation |
| Building Area Total: | 29039 |
| Business Type: | Apartments, Residential-Multi-Family |
| Financial Data Source: | Owner Provided |
| Gross Income: | $897,600 |
| Listing Terms: | All Cash, Conventional/Refinance |
| Lot Size Units: | Square Feet |
| Number Of Buildings: | 5 |
| Number Of Units In Community: | 47 |
| Original List Price: | $10,000,000 |
| Public Survey Section: | 0 |
| Special Listing Conditions: | Sale |
| AreaMiamire Area: | 41 |
Listing Courtesy of: Eleventrust LLC
305-299-4124
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on October 08, 2026 09:53 PM - PT
Property Last Updated: October 08, 2026 09:53 PM - PT
