566 NW 1st St - Commercial LAND FOR SALE


Miami, FL 33128- Little Havana5,009 SF
$1,795,000 USD
305-697-7011
566 NW 1st St, Miami, FL for Sale
$1,795,000 USD
Commercial LAND - FOR SALE
1/12
5,009 SF

566 NW 1st St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Nearing permit-ready approvals for 12-unit, 7-story luxury condo project with all 3 BR / 2 Bath units
  • Underlying T6-8-O zoning and Live Local Eligible, allowing for retail, office, & commercial uses
  • Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow
  • Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PRESENTS AN ADVANCED LUXURY DEVELOPMENT OPPORTUNITY CAPITALIZING ON MIAMI’S RESURGENT RIVER DISTRICT AND UNDERPINNED BY PREMIUM T6-8-O ZONING. In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street — a primary east-west corridor linking East Little Havana to Downtown Miami — and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum. INVESTMENT HIGHLIGHTS Advanced-Stage Approvals: With luxury 12-unit, 7-story project plans advancing straight through the permitting process, this rare water-view project offers an accelerated timeline from acquisition to construction start. Coveted T6-8-O Underlying Zoning: Located within a limited pocket of dense and use-liberal zoning supporting retail, office, and hotel in addition to multi-family and mixed-use, with by-right allowances for up to 17 units (150 du/acre) before Live Local Act benefits. Cash-Flowing Covered Component: Existing improvements include an occupied single family residence with 2 Beds & 1 Bath, generating reliable positive cash-flow to cover carry costs and support development timeline optionality. River District Value Proposition: Capitalize on the site’s proximity to the Miami River waterfront, experiencing a dynamic renaissance evenly blending functionality via commercial and residential uses and upscale hospitality offerings supporting long-term upside.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/ACRE

$15,608,696/AC

PRICE/SF

$358 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

River District Approved Project

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Hold for Development

LAND ACRES

0.12 AC

LAND SF

5,009 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

T6-8-O

APN/PARCEL ID

01-0201-000-1080

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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