Havana River Gateway
For Sale: 0.52 acre Development Site in Little Havana
Marketing description
Cushman & Wakefield is pleased to present Havana River Gateway; a premier urban infill development opportunity located at 515 NW 12th Avenue in Miami’s rapidly evolving Little Havana / Miami River District corridor.
The property consists of approximately 0.52 acres (22,500 square feet) across four contiguous parcels positioned at the intersection of NW 12th Avenue and NW 5th Street, just blocks from LoanDepot Park and minutes from the Miami Health District, Downtown Miami, and Brickell.
This highly visible corner site benefits from Urban Core zoning (T6-8-O) and allows for dense mixed use or multifamily development within one of Miami’s most active redevelopment corridors. The site currently generates approximately $84,000 in annual income, providing interim cash flow while a developer advances entitlements or planning.
Located between Miami’s Health District employment hub and the Miami River redevelopment corridor, the property sits within an area experiencing significant investment and population growth driven by healthcare, residential, and mixed-use development.
River District Gateway represents a strategically located redevelopment site in the heart of Little Havana, one of Miami’s most culturally vibrant and centrally located neighborhoods.
The assemblage consists of four parcels positioned along NW 12th Avenue, a key north-south corridor connecting Little Havana to the Miami River District and Allapattah. The property sits just blocks from W Flagler Street, providing excellent connectivity to Downtown Miami and major employment centers.
Currently, the site includes approximately 10,000 square feet of existing structures leased on a month-to-month NNN basis, producing approximately $84,000 in annual income while a developer pursues redevelopment plans.
Given its corner location and proximity to major transit corridors and employment hubs, the property is ideally suited for multifamily, mixeduse, workforce housing, or Live Local Act development.
Investment highlights
- ±0.52 Acres (±22,500 SF) assemblage in the Little Havana submarket
- Zoning: T6-8-O (Urban Core – Open) allowing dense mixed-use development
- By-Right Density: 150 units per acre (≈77 units)
- By-Right FLR: 5.0 (up to 7.0 with bonuses)
- By-Right Height: Up to 8 stories by right, higher with incentives
- Live Local Act Density: Up to 1,000 units per acre
- Existing Income: ±$84,036 annually from month-to-month NNN leases
- Prime Location: Walking distance to LoanDepot Park and minutes from Downtown Miami
- Connectivity: Immediate access to SR-836, I-95, and Miami International Airport
- Density: 150 units per acre (≈77 units)
- Height: 8 stories by right
- Existing Income: ≈ $84,036 annually
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