Marina Sold: Miami River Marine / Marina and Development Site

Overview

Simply Marinas represented both parties for a quick seamless closing. The sale was handled confidentially by the Simply Marinas team.

This was an ideal property for a boat broker or end user. It offers two large slips that are unique to the area. Each is 120’ long and 45’ wide. It includes two warehouses, two offices and two bathrooms. The marina is used for storage, dockage and minor repairs. It has tremendous appreciation since it has recent zoning that allows 200 units per acre.

Highlights

Property Highlights

Marine use, storage, distribution, mixed use
307' river frontage+/-
24,334SF lot
Two large and wide slips: 110 ft and 45 ft wide, each
T head 70 ft
1,633SF building with 2 warehouses, 2 office, and 2 bathrooms
Has appreciation upside due to zoning for 200+ units per acre

Area Highlights

The property is located on the Miami River, a fast growing and appreciating area, highly desirable due to the limited waterfront in Miami. This property is further unique due to the rare combination of its wide water frontage along with marine and mixed use potential. Property is located 1.7 miles from the airport and 5.7 miles to Brickell. Airport city will be a 512-million-dollar project, that's projected to create 10,000 permanent jobs after completion. The property is fronting the Miami river which serves as a place for economic activity, transportation, recreation & conservation.

The Opportunity

This acquisition presents a unique opportunity to acquire a marine and mixed use development site
The site is located near the Palmer Lake zoning that allows mixed use that includes hotel, and office
The Tamiami canal bridge has been replaced with a 4-lane draw bridge
The site is located approximately 1.8 miles from the airport. Airport City will be a 512 million dollar project, that's projected to create 10,000 permanent jobs after completion.

Location

Property Address:
3155 NW 20 Street, Miami FL; Folio: 30-3128-000-0050

The site offers a very special and prime Location in the midst of the Miami River Renaissance. The property surrounding areas have been seeing a great deal of investors pouring billions of dollars in capital into them. These projects include Brickell City Centre, Miami World Center, Downtown Convention Center, and exciting new projects on the Miami River.

The Miami River has been the target of interest for premier billion dollar 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, 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 dollar 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. The subject property is especially unique due to its very close proximity to the airport and being in the midst of these incredible development and entertainment projects.