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| Miami River, Miami, FL |
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| Ryan Shaw |
MIAMI, FL– Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
received the exclusive listing for a 44,572 square foot block of land and a
31,294 square foot marina with 36 slips fronting the Miami River in
Miami, FL. The impressive development opportunity is priced at $7 million.
Ryan
Shaw and Scott Sandelin, Senior Associates in Marcus &
Millichap’s Miami office, are representing the seller, a limited liability
company from Miami.
The investment opportunity consists of multiple land parcels
and marina totaling approximately 75,866 square feet along the Miami River.
The property is separated by NW 22nd Avenue with the
residential development on the west side and the marina to the east. The land
allows for up to 362,000 buildable square feet under Miami21 zoning of T6-8-O
which should fit a minimum of 105 units over eight floors.
“This is an excellent opportunity for a developer to acquire
a site on the Miami River with an adjacent marina,” says Shaw.
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| Scott Sandelin |
“The Miami River and
its surrounding neighborhoods have become magnets for all kinds of energy and
activity over the last couple of years.
“Private sector developments along the Miami River are at an
all-time high. The addition of new restaurants, retail, and apartments further
west on the river make this an excellent opportunity to capture the future of
what the Miami River has to offer.”
The land parcels are located at 2190 NW North River Drive in
Miami, FL.
For a complete copy of the company’s news release, please
contact:
Kirk Felici
Vice President/Regional Manager
Miami, FL
(954) 245-3400
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