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    26 South River Dr Miami, FL 33128

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    For Sale
    $8,900,000

    Development site with river and downtown views, income-producing office building.

    Lot size:
    0.59 Acres

    Property Features for 26 South River Dr

    General Information

    Lot size
    0.59 Acres

    Source: STL Advisors, LLC Agent Alexandros Tsoulfas

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

    Overview

    Development Site Overlooking Miami River

    Available for the first time since 1980, this development site offers an opportunity to build overlooking the Miami River and Downtown Miami. The zoning permits 12-story developments suitable for hotel and multi-family uses. A new building on this site would have unobstructed views of the river and Downtown, as well as views of Biscayne Bay to the south. The Miami River area is a growing district with dining and entertainment options. The property includes approximately 26,000 square feet of land and a 9,300 square foot two-story office building that generates income. The site also has frontage on Flagler Street, providing a direct connection to Downtown.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.202141
    Latitude
    25.773348

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    FAQs

    What type of property is this?
    Commercial land - Development site with river and downtown views, income-producing office building.
    Where is this commercial land located?
    The property is located at 26 South River Dr Miami, FL.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: - Unobstructed views of the Miami River and Downtown Miami.; - Prime development site with zoning allowing for 12-story development for hotel and multi-family uses.; - Located in the booming Miami River district, known for its food and entertainment options.
    (305) 972-7217
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    26 South River Dr Miami, FL 33128
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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
    26 South River Dr Miami, FL 33128
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