Havana River Assemblage Land FOR SALE


Miami, FL - Little Havana79,488 SF
$17,500,000 USD
786-522-7027
, Miami, FL for Sale
$17,500,000 USD
Land - FOR SALE
1/8

Havana River Assemblage
Miami, FL
Little Havana


HIGHLIGHTS

  • Multiple means of Ingress & Egress via Two Principal Arteries
  • Liberal Zoning (T6-12-O) Allowing for Multifamily, Office, Hotel, and Retail
  • Close proximity to Miami River (0.15 Miles), Downtown (0.4 Miles), and Brickell (0.6 Miles)
  • 274 Units As of Right ($63,868 PBU) / 345 Buildable Units Live Local ($50,724 PBU)
  • Ease of Development l No inferior zoning abutting Parcels l Block to Block Assemblage l Three access points via W Flagler, SW 1st Street, and 6th Ave
  • Property has 22,702 SF of Gross Building Area.

OVERVIEW

Marcus & Millichap, as exclusive agent, is pleased to present the opportunity to acquire Havana River Assemblage, a rare 79,487 SF (1.82 Acres) development site located at 606 W. Flagler Street, Miami, FL. Comprised of eleven contiguous parcels, the property spans block to block from W. Flagler Street to SW 1st Street. The Havana River Assemblage is strategically positioned near major highways and in the Urban Core Miami. The property’s liberal zoning, T6-12-O, accommodates a wide variety of uses such as high-density multifamily, hotel, retail, and office. As of Right, the current zoning allows for 274 Multifamily Units and can potentially be increased to over 345 Multifamily units by utilizing the new Live Local Act. This is prime location and footprint ensures a developer the opportunity to develop a site in close proximity to Downtown Miami, Brickell, and the Miami River. Current market rents in Little Havana sub-market Exceed $3.50 per square foot for newer construction while maintaining one of the lowest vacancy rates throughout Miami-Dade County of sub 3.5%. Property has 22,702 SF of Gross Building Area.

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.