$10,000,000
690 NW 3rd St, Miami FL 33128
Income/MultiFamily · 29,039 sq ft building · Lot 44,986 sq ft · Built 1971 · Active
MLS# A12090154 · Listing courtesy of Eleventrust LLC
About this property
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 aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.
Virtual tour
Open the virtual tour (opens the tour provider’s site in a new tab)
Enquire about this property
Arrange a viewing, or ask Veronika about the numbers, the zoning and what it takes to close.
Prefer to message? WhatsApp — fastest response
The data relating to real estate for sale on this web site comes in part from the participating Associations/MLSs and Miami Association of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing data last updated 9/19/2026, 12:30:53 PM ET.