442-490 NW South River Dr - Warehouse FOR SALE


Miami, FL 33128- Little Havana
$14,850,000 USD
305-613-4507
442-490 NW South River Dr, Miami, FL for Sale
$14,850,000 USD
Warehouse - FOR SALE
1/24
null | Request Cap Rate

442-490 NW South River Dr
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Assemblage totaling 30,094 SF with river frontage
  • Existing warehouse improvements for interim income
  • High-density redevelopment potential under Live Local Act
  • Immediate access to Downtown, Brickell, and Health District
  • Strong fundamentals in Miami’s fastest-growing corridor

OVERVIEW

South River Station offers a rare covered land assemblage along the Miami River, one of the city’s most dynamic development corridors. Spanning 30,094 square feet across two contiguous parcels, this site combines immediate income potential with transformative redevelopment upside. Existing improvements include 16,913 square feet of warehouse space, providing interim cash flow while entitlements are pursued. Positioned within minutes of Downtown Miami, Brickell’s Financial District, and the Health District, the property boasts exceptional connectivity via I-95, SR-836, and SR-112. Its river frontage enhances long-term value, aligning with the surge of mixed-use, residential, and hospitality projects redefining the Miami River corridor. Zoned T5-L under Miami 21, the site supports a flexible mix of uses, including multifamily, retail, office, and marine-oriented operations. The Florida Live Local Act further amplifies development potential, enabling significant height and density bonuses, streamlined approvals, and tax incentives for qualifying projects. This legislation creates a clear path for large-scale mixed-use development, positioning South River Station as a premier opportunity for investors seeking scale in one of Miami’s fastest-growing urban submarkets. With strong supply-demand fundamentals, proximity to major employment hubs, and access to cultural destinations like Wynwood and Little Havana, South River Station represents a stra

FOR SALE DETAILS

PRICE

$14,850,000 USD

PRICE/SF

$572 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.69

LAND SF

30,056

ZONING

T5-L

APN/PARCEL ID

01-4138-003-0020

ASK ABOUT THIS PROPERTY

Virgilio Fernandez, CCIMCushman & WakefieldMore Info
305-613-4507

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Virgilio Fernandez, CCIMCushman & WakefieldMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.