Waterfront Marine-Zoned Development
700 Northwest 7th Avenue Miami, FL 33136
New
For Sale
Contact for pricing
Waterfront parcel with 80 feet of river frontage and an existing 575 SF office, zoned for D1 Marine use.
Property Size8,813 SF
Price / SF$312.04
Days on Market6
Property Features for 700 Northwest 7th Avenue
General Information
- Standard status
- Active
- Size
- 8,813 SF
- Property subtype
- Industrial, Land, Special Purpose
Listing Agency:
Compass Florida, LLC.
Listed By:
Andrew Christopher Bate · License #3314919
Source:
Crexi
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 3:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC.
Investment Insights
Based on property information with market context.
The property is a waterfront land parcel with 80 feet of river frontage, offering direct access to the Miami River. An existing 575 SF office is on site, providing immediate indoor space while development plans are considered. The site is described as having D1 Marine zoning, which supports marine-related industrial activity and specialized operations.
The parcel is positioned at the entrance to Spring Garden and is presented as having connectivity to Downtown Miami, major highways, and the Port of Miami. It is offered for sale and includes waterfront access intended to support marine industrial uses.
For buyers planning a marine-oriented buildout, the existing office and riverfront configuration can serve as a starting point for future work under the stated D1 Marine zoning.
The parcel is positioned at the entrance to Spring Garden and is presented as having connectivity to Downtown Miami, major highways, and the Port of Miami. It is offered for sale and includes waterfront access intended to support marine industrial uses.
For buyers planning a marine-oriented buildout, the existing office and riverfront configuration can serve as a starting point for future work under the stated D1 Marine zoning.
Key Highlights
- Waterfront parcel with 80 feet of Miami River frontage with direct river access
- Zoned D1 Marine, allowing marine‑related industrial uses and operations
- Existing 575 SF office on‑site for immediate functionality
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $396.6k | $45.00 |
| − Vacancy | −$59.5k | −$6.75 |
| EGI | $337.1k | $38.25 |
| − OpEx | −$84.3k | −$9.56 |
| NOI | $252.8k | $28.69 |
8,813 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.61M
$3.16M – $4.21M
NOI $252,823 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.95M
$5.21M – $6.94M
NOI $416,418 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Waterfront Land
FAQs
What type of property is this?
Waterfront Land - Waterfront parcel with 80 feet of river frontage and an existing 575 SF office, zoned for D1 Marine use.
Where is this waterfront land located?
The property is located at 700 Northwest 7th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Waterfront parcel with 80 feet of Miami River frontage with direct river access; Zoned D1 Marine, allowing marine‑related industrial uses and operations; Existing 575 SF office on‑site for immediate functionality
