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    1871 North River Dr Miami, FL 33125

    For Sale
    $8,495,000

    Prime Riverfront Location, 8,410 SF, Approved for Liquor License

    Property size:
    8,410 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    297
    This exceptional mixed-use property, located at 1871 NW North River Drive in Miami, Florida, presents a unique investment opportunity. Boasting 8,410 square feet on a 26,570 square foot lot, this single-story, 1961-built building offers 436 feet of prime frontage on the Miami River. Its strategic location directly across from River Cove Marina, soon to be a luxury yacht marina, positions it perfectly to capitalize on the burgeoning Allappattah revitalization. Billions in planned development, including major retailers and luxury residential and commercial projects, are transforming the area into a vibrant River District. The property has already received approval for a liquor establishment, making it ideal for a restaurant, bar, or lounge. Situated just 1.5 miles from the mouth of the Miami River, this site offers unparalleled access and visibility. This is a chance to be part of Miami's exciting evolution, securing a prominent position in this rapidly developing waterfront area. The asking price is $8,495,000.

    Property Features for 1871 North River Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,410 SF

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    HighLights

    • $8,495,000 asking price.
    • Mixed‑use property totaling 8,410 square feet.
    • Single‑story, 1961‑built building on a 26,570 square foot lot.
    • 436 feet of Miami River frontage on NW North River Drive, Miami, FL 33125.
    • Liquor license approved; ideal for restaurant, bar, or lounge. Across from a future luxury yacht marina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2261473
    Latitude
    25.7880844

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Riverfront Location, 8,410 SF, Approved for Liquor License
    Where is this mixed-use property located?
    The property is located at 1871 North River Dr Miami, FL.
    What is the asking price?
    The asking price for this property is $8,495,000.
    What are key features of this property?
    This property features: $8,495,000 asking price.; Mixed-use property totaling 8,410 square feet.; Single-story, 1961-built building on a 26,570 square foot lot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1871 North River Dr Miami, FL 33125
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