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1871 NW North River Dr 8,410 SF Industrial Building Miami, FL 33125 $8,495,000 ($1,010.11/SF)

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INVESTMENT HIGHLIGHTS

  • Miami River front location offering 245 ft. frontage on North River Drive
  • Property is also for sale as an assemblage consisting of four parcels totaling 1.27 acres.
  • Property features a 26,799 Sq. Ft. lot, with a 8,410 Sq. Ft. commercial building.

EXECUTIVE SUMMARY

Miami River front location offering 245 ft. frontage on North River Drive. Property features a 26,799 Sq. Ft. lot, with a 8,410 Sq. Ft. commercial building. This property has been approved for a liquor establishment, its is an ideal location for a Restaurant, Bar or Lounge. Located directly across from River Cove Marina, which will be converting to a Luxury yacht marina. The property is 1.5 miles inland from the mouth of the Miami River. Recognize the amazing tide of change coming to Allappattah, with billions in new development planned. Major retailers, up and coming luxury residential and commercial developments will lead to a vibrant new River District. This riverfront site offers a unique opportunity to be part of the new Miami.
Property is also for sale as an assemblage consisting of four parcels totaling 1.27 acres.

PROPERTY FACTS

Price $8,495,000
Price Per SF $1,010.11
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Service
  • General Retail Bar
  • General Retail Restaurant
  • Office Medical
Building Class C
Lot Size 0.62 AC
Rentable Building Area 8,410 SF
No. Stories 1
Year Built/Renovated 1961/1998
Tenancy Single
Parking Ratio 2.73/1,000 SF
Clear Ceiling Height 13’6”
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Zoning C-2, Miami - Central Commercial zone

AMENITIES

  • Fenced Lot
  • Front Loading
  • Security System
  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting - Incandescent
  • Water - County
  • Sewer - County

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Infinite Audio Systems, Inc
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Infinite Audio Systems, Inc Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3134-017-0130
Land Assessment
$904,466
Improvements Assessment
$250,534
Total Assessment
$1,155,000
  • Listing ID: 34790897

  • Date on Market: 2/11/2025

  • Last Updated:

  • Address: 1871 NW North River Dr, Miami, FL 33125

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