Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 44986, 44986 sq ft
- Year built: 1971
- County: Miami-Dade
- MLS ID: A12090154
Description
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Description:
CITY OF MIAMI SOUTH PB B-41 LOTS 8 & 9 BLK 4 LOT SIZE IRREGULAR OR 18895-4849 1299 1 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.
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Building Details
- Structure Type: Apartment,MultiFamily
- Water Source: Public
- Sewer: PublicSewer
- Covered Spaces: 0
- Number Of Buildings: 5
Miscellaneous
- List Office Name: Eleventrust LLC
- Listing Terms: Cash,Conventional
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 690, 3rd St, Miami, FL, 33128 was built in 1971, and is listed at $10,000,000.