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3066 NW S River Dr dr - Miami River Ground Lease Opportunity 0.79 Acres of Commercial Land Offered at $15,000,000 in Miami, FL 33142

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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

Rare Miami River redevelopment opportunity consisting of approximately 34,596 SF (0.79 acres) with an existing ±7,850 SF building. The property offers strong potential for multifamily, mixed-use, hospitality, restaurant, or owner-user redevelopment 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.
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	$15,000,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Senior Bank Bar Carwash Fast Food Hold For Development Hold For Investment Hotel Marina Medical Restaurant Storefront Storefront, Retail or Office Strip Center
No. Lots	1	Total Lot Size	0.79 AC
Property Type	Land

Price	$15,000,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Senior Bank Bar Carwash Fast Food Hold For Development Hold For Investment Hotel Marina Medical Restaurant Storefront Storefront, Retail or Office Strip Center
Total Lot Size	0.79 AC

1 Lot Available

Lot

Price	$15,000,000	Lot Size	0.79 AC
Price Per AC	$18,987,341.77

Price	$15,000,000
Price Per AC	$18,987,341.77
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 $12,800,000 or available for Ground Lease at $450,000 NNN annually.