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1884 NW 15th St - Development Site - River Dr 0.65 Acres of Commercial Land Offered at $2,950,000 in Miami, FL 33125
INVESTMENT HIGHLIGHTS
- Miami River Adjacent
- Core Miami Market Minutes from Brickell
- Rare Continuous Assemblage
EXECUTIVE SUMMARY
opportunity to secure a hard-corner riverfront site in a submarket poised for exponential growth. Spanning 28,587 square feet across three
contiguous parcels, this property sits directly along the Miami River — a corridor undergoing over $1 billion in large-scale, mixed-use, and
luxury residential development.
With the unique advantages of D1 and T3 O zoning the property offers endless uses from residential, commercial, office, retail, mixed use and now of Live Local (SB102) legislation, the site benefits from as-of-right approvals for approximately 124 residential
units over 12 stories, providing a streamlined path to vertical development. Surrounded by catalytic projects such as River Landing, Miami
Riverbridge by Hyatt/Gencom, One River Point, and The Chetrit Group’s Miami River mega-project, this location offers immediate connectivity
to the Health District, Downtown, Brickell, and Miami International Airport, while capturing the rising demand for waterfront living, retail,
and lifestyle destinations. The property currently has one updated two story office building with recent 40 year cert, and two duplex offering an additonal covered land play.
PROPERTY FACTS
| Price | $2,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.65 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | D1 & T3-O - Mixed-Use | ||
| Price | $2,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.65 AC |
| No. Stories | 2 |
| Zoning | D1 & T3-O - Mixed-Use |
1 LOT AVAILABLE
Lot 3
| Price | $2,950,000 | Lot Size | 0.65 AC |
| Price Per AC | $4,538,461.54 |
| Price | $2,950,000 |
| Price Per AC | $4,538,461.54 |
| Lot Size | 0.65 AC |
Three continuos and combined lots totaling 28,578 Sf, 1884, 1878, 1870 NW 15 St Miami, folios 01-3134-015-0750, 01-3134-015-0740, 01-3134-015-0730
DESCRIPTION
Positioned along one of Miami’s most rapidly transforming waterfront corridors, this 28,587 SF Miami River assemblage (1884, 1878, 1870 NW N River Dr) offers a rare opportunity to secure a hard-corner riverfront site surrounded by over $1B in ongoing mixed-use, residential, and commercial development. Consisting of three contiguous parcels with flexible D1 and T3-O zoning, the property provides a wide range of permitted uses including residential, retail, office, mixed-use, and commercial. Under Live Local (SB102) legislation, the site benefits from as-of-right approvals for approximately 124 residential units across 12 stories, offering a streamlined and accelerated path to vertical development. The property is strategically located minutes from the Health District, Downtown, Brickell, and Miami International Airport, with immediate connectivity to some of Miami’s most catalytic riverfront projects, including River Landing, Miami Riverbridge by Hyatt/Gencom, One River Point, and the Chetrit Miami River District. Existing improvements include a renovated two-story office building with a recent 40-Year Recertification, along with two duplexes, providing optional income, immediate usability, or a covered-land play during planning and design phases. This combination of zoning flexibility, Live Local density, and hard-corner river frontage makes the site ideal for developers, investors, or end-users seeking scale, waterfront positioning, and long-term upside in one of Miami’s fastest-evolving submarkets. A true generational development opportunity in the heart of the Miami River renaissance.
PROPERTY TAXES
| Parcel Number | 01-3134-015-0750 | Improvements Assessment | $229,669 |
| Land Assessment | $591,732 | Total Assessment | $821,401 |
PROPERTY TAXES
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1884 NW 15th St - Development Site - River Dr
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