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.
Located adjacent to the property, is an available 1.85+/- site (sold separately). There is tremendous development potential in acquiring the two sites together.
The acquisition of a mixed use development site within Palmer Lake’s high-density development zoning brings an owner great, untapped upside.
The Miami River continues to bring strong interest for multi-billion dollar development projects and well renowned restaurant projects. Some notable examples include: River landing shops and residences which will offer 2 million square feet of retail and residences on 8.14 acres along the Miami River in the heart of Miami’s Health District; One River Point which features twin 60-story condo towers, previously purchased for $33 million on a 2.9-acre Miami River front site; The $1 billion dollars Miami Riverwalk Project which includes four towers, up to 645’ above ground.
The property is located on the Miami River,1.8 miles from the Airport City positioned to be a 512 million dollar project. The Miami River is a fast growing and appreciating area, highly desirable due to the limited number of similar waterfront sites. This property is further unique due to the rare combination of its wide water frontage along with marine and mixed use potential. It is located 5.7 miles to Brickell. The Miami River serves as a magnet for economic activity, transportation, and recreation, and is one of the most attractive areas in South Florida for developers and high end restaurants. The opportunity presents a special and prime location in the midst of the Miami River Renaissance.
Folio numbers: 30-31-28-017-0820; and 30-31-28-001-0040