566 NW 1st St - Pandora on the River
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566 NW 1st St - Pandora on the River
0.11 Acres of Commercial Land Offered at £1,568,819 in Miami, FL 33128
Investment Highlights
- 0.115 acres (5,000 SF)
- T6-8-O Zoning
- Access to major roadways
- Steps away from Downtown Miami
- 13-unit, 8-story shovel ready condo project
Executive Summary
Colliers is pleased to offer the opportunity to acquire Pandora, a prime 5,000 SF (0.115 acre) development site, strategically located at 566 NW 1st Street within the vibrant Miami River District. This property is zoned T6-8-O, permitting highly dense and flexible development options and comes fully approved with construction drawings for a class A 13-unit, 8-story boutique condominium project.
Situated just off West Flagler Street, a major east-west thoroughfare connecting East Little Havana to Downtown Miami, the site benefits from immediate access to key Miami locales including Brickell and LoanDepot Park. It also enjoys proximity to I-95, capturing visibility from over 165,000 vehicles daily. As the Miami River District experiences a dynamic commercial and residential renaissance, new amenities such as the Miami Riverwalk, Miami River Greenway, major parks, boatyards, and emerging retail, residential, and hospitality developments enhance the site’s appeal, promising a strategic investment in a rapidly evolving area.
Situated just off West Flagler Street, a major east-west thoroughfare connecting East Little Havana to Downtown Miami, the site benefits from immediate access to key Miami locales including Brickell and LoanDepot Park. It also enjoys proximity to I-95, capturing visibility from over 165,000 vehicles daily. As the Miami River District experiences a dynamic commercial and residential renaissance, new amenities such as the Miami Riverwalk, Miami River Greenway, major parks, boatyards, and emerging retail, residential, and hospitality developments enhance the site’s appeal, promising a strategic investment in a rapidly evolving area.
Data Room Click Here to Access
Property Facts
| Price | £1,568,819 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Development Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Price | £1,568,819 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.11 AC |
1 Lot Available
Lot
| Price | £1,568,819 | Lot Size | 0.12 AC |
| Price Per AC | £13,641,906 |
| Price | £1,568,819 |
| Price Per AC | £13,641,906 |
| Lot Size | 0.12 AC |
Walk Score ®
Very Walkable (85)
Transit Score ®
Rider's Paradise (95)
zoning
| Zoning Code | T6-8-O (T-6-8-O Commercial / Mix Use (150 Units Per Acre)) |
| T6-8-O (T-6-8-O Commercial / Mix Use (150 Units Per Acre)) |
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Virgilio Fernandez -
Mitash Kripalani -
Alain Crego -
Colliers
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566 NW 1st St - Pandora on the River
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