For Sale
$5,490,000

1884 15Th StMiami, FL 33125

Triple-parcel, high-potential Miami Riverfront investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami Riverfront property at 1884 NW 15th St, Miami, FL 33125, presents a rare triple-parcel investment opportunity spanning 0.656 acres (28,587 square feet). The property currently features five buildings totaling 4,767 square feet, constructed in 1923 and consisting of a mix of uses. This includes an owner-occupied office space and two multi-family units generating month-to-month income. The asking price is $5,490,000. The property's zoning potential under Miami 21 Code allows for significant redevelopment. Imagine transforming this site into a thriving residential complex, potentially accommodating up to 24 units in an eight-story building, once rezoned. This prime location offers unparalleled access to the Miami River, presenting a unique chance to capitalize on the area's vibrant growth and create a landmark development. The existing structures provide immediate income while the future development potential promises substantial long-term returns. This is a truly exceptional opportunity to acquire a legacy property in a rapidly appreciating Miami location. Don't miss this chance to redefine riverside living in Miami.

Highlights

  • Triple-parcel Miami Riverfront investment opportunity, 0.656 acres (28,587 sq ft), $5,490,000 asking price.
  • Five existing buildings totaling 4,767 sq ft, built in 1923, including owner-occupied office and income-producing multi-family units.
  • Miami 21 zoning allows for significant redevelopment potential, up to 24 residential units in an eight-story building.
  • Prime Miami River location with exceptional growth potential.

Property Details for 1884 15Th St

Property type
Mixed-use properties
Year Built
1923
Buildings
5
Stories
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7884717
Longitude
-80.2269684
1884 15Th St, Miami, Florida

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1884 15Th St
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