690 NW 3rd StMiami, FL 33128
Miami-Dade County
Description
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Structure type
- Multi Family
- Year built
- 1971
- Building area
- 29,039 Sq Ft
- Lot size
- 44,986 Sq Ft
- Days on market
- 8
- MLS® Listing#
- A12090154
Property Features
- Sewer
- Public Sewer
- Water source
- Public
- Parcel number
- 01-02-00-040-1060
Listing Courtesy: Eleventrust LLC - 3059003374
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