Eight & River
+/-1 Acre near the Miami River
Marketing description
Cushman & Wakefield is pleased to present Eight & River, a premier urban infill development opportunity located at 140 NW 8 Avenue in Miami's rapidly evolving East Little Havana neighborhood. Positioned just west of Downtown Miami and Brickell, the site offers developers and investors the opportunity to acquire a large scale residential development parcel within one of the most active growth corridors in South Florida.
The property consists of approximately 1.03 acres of land (approximately 45,000 square feet) representing a rare development assemblage in an area experiencing strong residential demand and sustained population growth. The site currently benefits from proposed by right development plans for 115 residential units within an eight story multifamily residential building, with additional potential density upside of up to 1,000 units per acre through Live Local on the T6 portion of the site. allowing for a total of 688 units within that area.
Strategically located between the Miami River district and Downtown Miami, the property offers exceptional connectivity to Miami's urban core including Brickell, Wynwood, and the Health District.
Investment highlights
- 1.03 acre development site (approximately 45,000 square feet)
- Proposed by right development plans for 115 residential units
- Potential density upside through Florida Live Local legislation
- Zoning designation T6 8 O and T4 R
- Existing income producing property generating approximately $15,000 per month
- Multiple access points from NW 1 Street, NW 2 Street, and NW 8 Avenue
- Located minutes from Downtown Miami, Brickell, and Wynwood
- T6-8-O Density allows 150 units/acre
- T4 R Density allows 65 units/acre
- Live Local Benefits allow up to 1000 units/acre
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