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Property profile & analytics
OFF-MARKET
Commercial real estate

1884 15Th St Miami, FL 33125

Built 1923
Entity Owned 9-yr Hold
Property ID
US19-0592115
Property summary
AI-generated overview

This exceptional Miami Riverfront property at 1884 NW 15th St, Miami, FL 33125, presents a rare triple-parcel investment opportunity spanning 0.656 acres (28,587 square feet). The property currently features five buildings totaling 4,767 square feet, constructed in 1923 and consisting of a mix of uses. This includes an owner-occupied office space and two multi-family units generating month-to-month income. The asking price is $5,490,000. The property's zoning potential under Miami 21 Code allows for significant redevelopment. Imagine transforming this site into a thriving residential complex, potentially accommodating up to 24 units in an eight-story building, once rezoned. This prime location offers unparalleled access to the Miami River, presenting a unique chance to capitalize on the area's vibrant growth and create a landmark development. The existing structures provide immediate income while the future development potential promises substantial long-term returns. This is a truly exceptional opportunity to acquire a legacy property in a rapidly appreciating Miami location. Don't miss this chance to redefine riverside living in Miami.

Property profile
Verified
Property type Commercial real estate
Year built 1923
UPID US19-0592115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Riverside Holdings Of Miami LLC · 9 yrs held
Riverside Holdings Of Miami LLC
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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