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    1871 North River Dr Miami, FL 33125

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    For Sale
    $8,495,000

    Commercial building with river frontage, ideal for restaurant or bar.

    Lot size:
    0.62 Acres

    Property Features for 1871 North River Dr

    General Information

    Lot size
    0.62 Acres

    Building Details

    Year built
    1961

    Source: London Foster Realty Agent Lilibeth Toussaint

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Riverfront Commercial Building

    This commercial property is situated on the Miami River, offering 436 feet of frontage on North River Drive. The site features a 26,571 square foot lot improved with an 8,410 square foot commercial building. The property is approved for a liquor establishment, making it suitable for a restaurant, bar, or lounge. It is located directly across from the future Luxury yacht marina. The property is 1.5 miles inland from the mouth of the Miami River. The location is part of the Allapattah neighborhood, with upcoming luxury residential and commercial developments planned for the area. This riverfront site offers an opportunity to be part of the new Miami River District.
    Location Intelligence

    Current Use by Public Records

    Bars

    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.

    Similar Places Nearby

    New Harvest Catering Co, Aaf-Ttf Catering, GW Auto Detailing MOBILE Service by APPOINTMENT, Benita Ramos, Salsa Grill Catering

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.227359
    Latitude
    25.788165

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    FAQs

    What type of property is this?
    Restaurant - Commercial building with river frontage, ideal for restaurant or bar.
    Where is this restaurant 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: - 436 ft. of frontage on the Miami River.; - Approved for a liquor establishment, ideal for a Restaurant, Bar, or Lounge.; - Substantial 26,57 Sq. Ft. lot with an 8,410 Sq. Ft. commercial building.
    (305) 332-0545
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    1871 North River Dr Miami, FL 33125
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    Miami, FL 33125
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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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