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    1871 North River Dr Miami, FL 33125

    For Sale
    $15,695,000

    1.27 Acres, Prime Riverfront Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.27-acre commercial land parcel presents a unique development opportunity on the Miami River. Boasting 436 feet of frontage on NW North River Drive, this property enjoys a prime location directly across from established marinas, offering unparalleled access for boaters. Situated 2.6 miles inland from the river's mouth, it provides convenient access to Miami's best marina services. The site's strategic corner location offers accessibility via three streets: NW North River Drive, NW 15th Street, and 19th Avenue. Located at the southern edge of Allapattah, this property benefits from its proximity to major transportation arteries, including SR-836 and I-95, placing it just 4.8 miles from Miami International Airport and 3.7 miles from Brickell City Centre. The property is also within walking distance of the new River-Landing Development, Miami Health District, and Civic Center. Built in 1961, this single-story site on one building offers potential for expansion, with the possibility of acquiring adjacent lots to increase the overall acreage. The asking price is $15,695,000. This quiet suburban enclave offers a unique blend of tranquility and convenient access to Miami's vibrant urban core.

    Property Features for 1871 North River Dr

    General Information

    Property type
    Land

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    HighLights

    • 1.27‑acre commercial land parcel in Miami, offering a unique development opportunity.
    • 436 feet of frontage on NW North River Drive, directly across from marinas.
    • Prime location, 2.6 miles from the river's mouth, providing easy access to Miami's marina services.
    • Strategic corner location with access from three streets: NW North River Drive, NW 15th Street, and 19th Avenue.
    • Excellent access to major transportation arteries (SR‑836 and I‑95), 4.8 miles from MIA and 3.7 miles from Brickell City Centre.
    • Proximity to River‑Landing Development, Miami Health District, and Civic Center.
    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
    -80.2261624
    Latitude
    25.7880742

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    FAQs

    What type of property is this?
    Land - 1.27 Acres, Prime Riverfront Location
    Where is this land located?
    The property is located at 1871 North River Dr Miami, FL.
    What is the asking price?
    The asking price for this property is $15,695,000.
    What are key features of this property?
    This property features: 1.27-acre commercial land parcel in Miami, offering a unique development opportunity.; 436 feet of frontage on NW North River Drive, directly across from marinas.; Prime location, 2.6 miles from the river's mouth, providing easy access to Miami's marina services.
    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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