Basic Information

  • MLS # A12090154
  • Type Multi Family
  • Status Active
  • Year Built 1971
  • Total Size 44,986 Sq.Ft / 1.03 Acre
  • Date Listed 09/16/2026
  • Days on Market 16
Description

PRIME MIAMI RIVER ASSEMBLAGE | 45,000+ SF | T6-8 ZONING | COVERED LAND PLAY >>> Unrivaled urban development opportunity steps from the Miami River district! Presented by Eleventrust, this strategic assemblage combines 5 contiguous parcels totaling 45,000+ SF of prime land in a top growth corridor. === COVERED LAND PLAY WITH IMMEDIATE UPSIDE: Features 47 residential units with a diverse unit mix, offering steady income while plans are finalized. Existing operations hold immense upside, with potential gross revenue exceeding $1,000,000+ by adjusting below-market rents to active market rates. === REDEVELOPMENT POTENTIAL: Zoned T-6-8 under Miami 21, this site is ideal for high-density multi-family, hotel, or mixed-use projects. Positioned in the path of growth with seamless connectivity to Brickell, Downtown, and the Health District. === KEY HIGHLIGHTS: [1] Site Area: 45,000+ SF (5 Parcels) [2] Zoning: T-6-8 (Miami 21 Core) [3] Income Upside: Potential exceeding $1M Gross Income by aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 1.03 AcreSq.Ft
  • Sqft 1.03 AcreSq.Ft

Property Features

  • Address 690 NW 3rd St
  • Aprox. Lot Size 44,986
  • City Miami
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Occupant Type Tenant
  • Possession Close Of Escrow
  • Postal City Miami
  • Public Survey Township 1
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc CITY OF MIAMI SOUTH PB B-41 LOTS 8 & 9 BLK 4 LOT SIZE IRREGULAR OR 18895-4849 1299 1
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family
  • Water Source Public

690 NW 3rd St

Miami, FL 33128

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    The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Eleventrust LLC. tel: 305-900-3374

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