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    26 South River Dr Miami, FL 33130

    For Sale
    $9,500,000

    Prime Miami River location, 25,639 SF lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 25,639-square-foot development site in Miami, Florida, presents a unique investment opportunity. Located at 26 SW South River Drive, this property boasts an enviable position overlooking the Miami River and Downtown Miami, offering unparalleled views. The site is zoned T6-12-O, permitting the construction of a 12-story building (before bonuses) with a wide range of uses, including multi-family residential, hotel, retail, office, restaurant, and entertainment. With a significant 25,639 square foot lot size, the potential buildable square footage is 205,112 square feet, allowing for up to 88 multi-family units or 176 hotel units (before bonuses). Currently, a 9,320-square-foot two-story office building on the site generates income. The property also benefits from substantial frontage on Flagler Street, providing direct access to Downtown Miami, just 0.2 miles away. The vibrant Miami River district is known for its thriving culinary and entertainment scene, with popular venues like Kiki on The River and Seaspice nearby. This offering represents a rare chance to acquire a highly desirable development site in a rapidly growing area of Miami, with the potential for significant returns. The asking price is $9,500,000. Broker co-op is available.

    Property Features for 26 South River Dr

    General Information

    Property type
    Land

    HighLights

    • 25,639 SF lot.
    • 9,320 SF building.
    • T6‑12‑O zoning allows multi‑family, hotel, retail, office, restaurant, and entertainment uses.
    • 12‑story height limit (before bonuses).
    • 88 multi‑family units or 176 hotel units allowed (before bonuses).
    • 205,112 SF buildable area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.20265
    Latitude
    25.774337

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    FAQs

    What type of property is this?
    Land - Prime Miami River location, 25,639 SF lot.
    Where is this 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 $9,500,000.
    What are key features of this property?
    This property features: 25,639 SF lot.; 9,320 SF building.; T6-12-O zoning allows multi-family, hotel, retail, office, restaurant, and entertainment uses.
    (305) 972-7217
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    26 South River Dr Miami, FL 33130
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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 33130
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