1884 15Th StMiami, FL 33125

Property Details for 1884 15Th St

Year built

1923

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7885

Longitude

-80.227

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