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690 NW 3rd Street, Miami, FL 33128

New Listing
$10,000,000
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

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 aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.

More Information MLS# A12090154

Contract Information

Comp Sale YN: No Listing Date: 2026-09-16 Status: Active Original List Price: 10000000 List Price: $10,000,000 Current Price: $10,000,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Municipal Code: 1 Postal Code: 33128 Subdivision Number: 40 Flood Zone: AE Country: United States Street Number: 690 Street Direction Prefix: NW Street Name: 3rd Street Suffix: Street State Or Province: FL Postal Code +4: 1569 Area: 2410 Parcel Number: 0102000401060 Zoning: 4601

General Property Information

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

Office/Member Information

DXORIGMLSID: SEF

Short Sale Details

Short Sale Addendum: No

Tenant Pays

Electricity: 1 Interior Electric: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Listing Terms

Cash: 1 Conventional: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 897600 Net Operating Income: 524944

Source Of Expenses

Owner Provided: 1

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 Beds Total: 1 Annual Rent: 1500

Description of Unit Type 3

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

Description of Unit Type 4

Unit Type: 3 Bedroom Units Total: 1 Beds Total: 3 Annual Rent: 1800

Description of Unit Type 5

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

Description of Unit Type 6

Unit Type: 4 Bedroom Or More Units Total: 1 Beds Total: 5 Annual Rent: 3000

Price Calculations

Current Price To SqFt: 344.36

Section Details

Parcel Number MLX: 1060

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

Originating Details

Originating System Key: 563655638 Originating System ID: M00000151

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
Listing Office: Eleventrust LLC
Last Updated: September - 16 - 2026
690 NW 3rd Street, Miami, FL 33128- MLS# A12090154
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.