26 South River Dr Miami, FL 33130
- Land
Current Use by Public Records
- Land
Property Details for 26 South River Dr
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2027
- Latitude
- 25.7743
