690 NW 3rd St, Miami, Florida, United States, 33128

10,000,000
for Sale
44,986

About the property:

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 Type:
Apartments
Status:
for Sale
Heating Type:
0
Is Art:
Yes
Is Apartment:
Yes
Is Health:
Yes
Is Hotel:
Yes
Is Land:
Yes
Is Multi Family:
Yes
Is Market:
Yes
Is Media:
Yes
Is Mix:
Yes
Is Unit:
Yes
Listing ID:
A12090154

Rooms

Dimensions

Brokered by:
Eleventrust Llc
Presented By: