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690 NW 3rd Street, Miami, FL 33128

New Listing

$10,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12090154

Property Type: Commercial Sale Square Footage: 29,039 Status: Active

Current Price: $10,000,000 List Date: 9/16/2026 Last Modified: 9/16/2026

Overview

Description

PRIME MIAMI RIVER ASSEMBLAGE | 45,000+ SF | T6-8 ZONING | COVERED LAND PLAY >>> Unrivaled urban development opportunity steps from the Miami River district! Presented by Eleventrust, this strategic assemblage combines 5 contiguous parcels totaling 45,000+ SF of prime land in a top growth corridor. === COVERED LAND PLAY WITH IMMEDIATE UPSIDE: Features 47 residential units with a diverse unit mix, offering steady income while plans are finalized. Existing operations hold immense upside, with potential gross revenue exceeding $1,000,000+ by adjusting below-market rents to active market rates. === REDEVELOPMENT POTENTIAL: Zoned T-6-8 under Miami 21, this site is ideal for high-density multi-family, hotel, or mixed-use projects. Positioned in the path of growth with seamless connectivity to Brickell, Downtown, and the Health District. === KEY HIGHLIGHTS: [1] Site Area: 45,000+ SF (5 Parcels) [2] Zoning: T-6-8 (Miami 21 Core) [3] Income Upside: Potential exceeding $1M Gross Income by alignin ... (Read more)

Listing Details MLS# A12090154

General Property Information

Number Of Buildings: 5
Property Sub Type: Multi Family
Number Of Units Total: 6
Occupant Type: Tenant
Building Area Main: 29039
Year Built: 1971
Lot Size Area: 44986
Lot Size Acres: 1.03

Property Features

Possession: Close Of Escrow Source Of Expenses: Owner Provided Tenant Pays: Electricity; Interior Electric Listing Terms: Cash; Conventional Sewer: Public Sewer Water Source: Public

Contract Information

Comp Sale YN: No
Original List Price: 10000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 690
Street Direction Prefix: NW
Street Name: 3rd
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33128
Postal Code +4: 1569
Area: 2410
Parcel Number: 0102000401060
Subdivision Number: 40
Zoning: 4601
Flood Zone: AE

Financial Information

Tax Legal Description: CITY OF MIAMI SOUTH PB B-41 LOTS 8 & 9 BLK 4 LOT SIZE IRREGULAR OR 18895-4849 1299 1

Status Change Information

Major Change Timestamp: 2026-09-16T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-09-16

More Information

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 897600
Net Operating Income: 524944

Description of Unit Type 1

Unit Type: Efficiency
Units Total: 21
Annual Rent: 1000

Description of Unit Type 2

Unit Type: 1 Bedroom
Units Total: 7
Annual Rent: 1500

Description of Unit Type 3

Unit Type: 2 Bedroom
Units Total: 15
Annual Rent: 2000

Description of Unit Type 4

Unit Type: 3 Bedroom
Units Total: Yes
Annual Rent: 1800

Description of Unit Type 5

Unit Type: 4 Bedroom Or More
Units Total: 2
Annual Rent: 3000

Description of Unit Type 6

Unit Type: 4 Bedroom Or More
Units Total: Yes
Annual Rent: 3000

Price Calculations

Current Price To SqFt: 344.36

Section Details

Parcel Number MLX: 1060

Originating Details

Originating System Key: 563655638
Originating System ID: M00000151

Listing Office: Eleventrust LLC

Last Updated: September - 16 - 2026

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690 NW 3rd Street, Miami, FL 33128 (MLS# A12090154)