Marina Sold: Mixed Use Marine Site – Miami, Florida
Overview
Approximately 1.85 acres with approximately 300' of river frontage. The site includes a slip and an office warehouse. The site is grandfathered in for marina use including boat repairs and boat storage. In addition to its marine use, the property is a part of the Palmer Lake Zoning implemented in recent year to allow mixed use that can include hotel, units, office, marina and commercial use. See Palmer Lake Zoning allowing 187 units per acre.
Highlights
- High-density residential use (187 units per acre - Palmer Lake zoning)
- Once large slip
- Office
- Warehouse
- Approximately 300’ of river frontage
- Grandfathered in for marina use including boat storage and repairs
- Approximately 1.85 acres
The Opportunity
An adjacent riverfront site with 2+/- additional acres is available and is sold separately. Combining the two sites will create tremendous development potential.
This acquisition presents a unique opportunity to acquire a marine and mixed use development site. The site is located within the Palmer Lake zoning that allows mixed use that can include marine, hotel, units and office use. The Tamiami canal bridge has been replaced with a 4 lane draw bridge. The property fronts Delaware Parkway and offers a unique quite and highly desirable location. The Site is ideal for mega-yacht facility, dry storage, boat repairs. This along the Palmer Lake Zoning positions the property to be a viable investment. The Miami River has been the target of interest for premier billion dollars developments and renowned waterfront restaurants. To mention a few: River landing shops and residences will offer 2 million square feet of retail and residences on 8.14 acres along the Historic Miami River in the heart of Miami’s Health District. It is Located at 1400 NW North River Drive; One River Point twin 60-story condo towers is located at 131 NW S river drive. The site was purchased for $33 million on a 2.9-acre site on Miami's riverfront; The 1B dollars Miami Riverwalk Project is located at SW 3rd Ave between SW 5th St & SW 6th and includes four towers, ranging in height from 622-feet to 645-feet above ground.
Location
This rapidly growing and appreciating part of Miami offers some of Miami’s most desirable waterfront real estate. This site, in particular offers the unique advantage of wide water frontage plus mixed use and marine development potential. It is located less than 6 miles to Brickell. Miami’s Airport City, positioned to be a 512 million dollar project, is under 2 miles away. The Miami River continues to be a driver of economic activity, including recreation, transportation and logistics, high-end developments and premier restaurant destinations.
Folio numbers:30-3128-001-0020; 0030;0021;0010
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