- For sale
As exclusive listing broker, Colliers is pleased to present the opportunity to acquire North River Flatiron, a prime 0.73 acre (32,107 SF) development site a block from the historic Miami River located in the Miami Health District, the second largest medical district in the U.S. The location offers access to major highways and is in close proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach as well as the Loan Depot Stadium and Miami International Airport. The Health District consists of many medical clinics and research facilities and is the hub for Miami’s medical research.
The site is comprised of five adjacent parcels located along NW 14 Avenue and spans from NW 14th Street to NW 13th Terrace, which is one block north of River Landing, a luxurious mixed-use project comprised of 2 million square feet of retail and multifamily. The properties currently feature roughly 9,532 SF of office space occupied by tenants on short-term leases, providing an income stream while going through the entitlement process. The property is zoned T6-12-O, which allows for dense and flexible mixed-use development. The current zoning allows for the development of 150 units per acre (110 units) as well as an FLR of 8 with a 30% bonus, which equates to a maximum developable area of up to 333,913 SF. The property is located within a Rapid Transit Zone (RTZ) allowing up to 500 units an acre upon county approval.