1.24-Acre Development Site Primed For 44 Residential Units On The Miami River Hits The Market

678-720 NW N River Drive. Credit: Colliers.

A prominent vacant 1.24-acre development site has made its way to the bustling Miami River District market. Colliers, a leading real estate firm, is pleased to announce the opportunity to acquire The River Line at 678-720 NW N River Drive. This exceptional property offers unparalleled Miami River access and is listed for $26 million. The site, represented by Colliers Vice President Virgilio Fernandez and Vice President Mitash Kripalani, presents an enticing prospect for luxury waterfront townhouses or condos.

With zoning that allows for 44 units spanning three stories, the site boasts a total buildable area of 126,341 square feet. Its prime location is the only development site over an acre on the Miami River east of 12th Avenue. The potential for 350 linear feet of boat slips and 35 percent of the space dedicated to common area amenities add to the desirability of this property.

“This waterfront site is truly unique with its exceptional location and development potential. The assemblage is situated within the bustling Miami River District, offering the rare opportunity to build a unique waterfront project,” remarked Fernandez. “The River Line is ideal for luxury condos or townhouses to accommodate the rising demand for properties on the water. The owner would have the chance to be an integral part of the dynamic expansion of the district and actively contribute to shaping Miami’s upscale living landscape.”

The owner of The River Line, Babba Joshua Yesharim, is a local and longtime investor in real estate in Miami’s Riverside District. Yesharim owns various assets in the Miami River District and urban core, including the Seaspice Brasserie & Lounge and CRUST properties.

The Miami River District is currently undergoing revitalization with new retail, residential, and hospitality developments. The neighborhood offers an array of amenities, including the Miami Riverwalk, Miami River Greenway, major parks, and boat yards, providing residents with a desirable and convenient lifestyle. The proximity to Downtown Miami, Brickell, and Wynwood further enhance the connectivity and accessibility of this riverside community to employment centers and transportation hubs.

The River Line presents an exceptional opportunity for investors and developers looking to make their mark on Miami’s thriving real estate scene. With its prime location, the potential for luxury waterfront residences, and its active role in shaping the Miami River District’s future, this development site is poised to contribute to the city’s dynamic growth and upscale living landscape.

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