$10,000,000
Miami, FL 33128
MLS# A12090154
29039 sqft
1 / 6
Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-09-16
Status: Active
Original List Price: 10000000
List Price: $10,000,000
Current Price: $10,000,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Code: 33128
Subdivision Number: 40
Flood Zone: AE
Country: United States
Street Number: 690
Street Direction Prefix: NW
Street Name: 3rd
Street Suffix: Street
State Or Province: FL
Postal Code +4: 1569
Area: 2410
Parcel Number: 0102000401060
Zoning: 4601
General Property Information
Number Of Buildings: 5
Number Of Units Total: 6
Occupant Type: Tenant
Lot Size Area: 44986
Property Sub Type: Multi Family
Building Area Main: 29039
Year Built: 1971
Lot Size Acres: 1.03
Office/Member Information
DXORIGMLSID: SEF
Short Sale Details
Short Sale Addendum: No
Tenant Pays
Electricity: 1
Interior Electric: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Listing Terms
Cash: 1
Conventional: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 897600
Net Operating Income: 524944
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: Efficiency
Units Total: 21
Annual Rent: 1000
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 7
Beds Total: 1
Annual Rent: 1500
Description of Unit Type 3
Unit Type: 2 Bedroom
Units Total: 15
Beds Total: 2
Annual Rent: 2000
Description of Unit Type 4
Unit Type: 3 Bedroom
Units Total: 1
Beds Total: 3
Annual Rent: 1800
Description of Unit Type 5
Unit Type: 4 Bedroom Or More
Units Total: 2
Beds Total: 4
Annual Rent: 3000
Description of Unit Type 6
Unit Type: 4 Bedroom Or More
Units Total: 1
Beds Total: 5
Annual Rent: 3000
Price Calculations
Current Price To SqFt: 344.36
Section Details
Parcel Number MLX: 1060
Financial Information
Tax Legal Description: CITY OF MIAMI SOUTH PB B-41 LOTS 8 & 9 BLK 4 LOT SIZE IRREGULAR OR 18895-4849 1299 1
Status Change Information
Major Change Timestamp: 2026-09-16T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-09-16
Originating Details
Originating System Key: 563655638
Originating System ID: M00000151
Property Features
Possession: Close Of Escrow
Source Of Expenses: Owner Provided
Tenant Pays: Electricity; Interior Electric
Listing Terms: Cash; Conventional
Sewer: Public Sewer
Water Source: Public
Listing Office: Eleventrust LLC
Last Updated: September - 16 - 2026
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