26 SW South River Dr - River Drive & Flagler Development Site
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26 SW South River Dr - River Drive & Flagler Development Site
0.59 Acres of Commercial Land Offered at $9,500,000 in Miami, FL 33130
Investment Highlights
- Excellent location overlooking the Miami River
Executive Summary
Offered for the first time since 1980, STL Commercial is pleased to present an incredible opportunity to acquire a one of a kind development site overlooking the Miami River and Downtown Miami. The zoning allows 12 story development for a variety of uses including hotel and multi-family.
Due to its positioning over River Drive, a new build would feature unobstructed views of the river and Downtown, and to the south- views of Biscayne Bay. The Miami River is a booming district featuring some of the city’s most notable food & entertainment, like Kiki on The River and Seaspice.
The property has approximately 26,000 SF of land with a 9,300 SF two-story office building producing income. The site also has significant frontage on Flagler Street, which directly connects the property to Downtown (0.2 miles away).
Due to its positioning over River Drive, a new build would feature unobstructed views of the river and Downtown, and to the south- views of Biscayne Bay. The Miami River is a booming district featuring some of the city’s most notable food & entertainment, like Kiki on The River and Seaspice.
The property has approximately 26,000 SF of land with a 9,300 SF two-story office building producing income. The site also has significant frontage on Flagler Street, which directly connects the property to Downtown (0.2 miles away).
Property Facts
1 Lot Available
Lot
| Price | $9,500,000 | Lot Size | 0.59 AC |
| Price Per AC | $16,140,267 |
| Price | $9,500,000 |
| Price Per AC | $16,140,267 |
| Lot Size | 0.59 AC |
The property has approximately 26,000 SF of land with a 9,300 SF two-story office building producing income. Zoned T6-12-O. Allowed height: 12 Stories (before bonuses). Allowed density: 88 Multi-family Units or 176 Hotel Units (before bonuses).
Walk Score ®
Very Walkable (83)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,713,383 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,713,383
zoning
| Zoning Code | T6-12-O (Allowed Uses: Multi-Family, Condo, Hotel, Retail, Office, Restaurant, Entertainment, Etc… Development up to 12 stories before bonuses.) |
| T6-12-O (Allowed Uses: Multi-Family, Condo, Hotel, Retail, Office, Restaurant, Entertainment, Etc… Development up to 12 stories before bonuses.) |
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26 SW South River Dr - River Drive & Flagler Development Site
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