Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present the opportunity to acquire Havana River Assemblage, a rare 79,487 SF (1.82 Acres) development site located at 606 W. Flagler Street, Miami, FL. Comprised of eleven contiguous parcels, the property spans block to block from W. Flagler Street to SW 1st Street. e Havana River Assemblage is strategically positioned near major highways and in the Urban Core Miami. e property’s liberal zoning, T6-12-O, accommodates a wide variety of uses such as high-density multifamily, hotel, retail, and office. As of Right, the current zoning allows for 274 Multifamily Units and can potentially be increased to over 342 Multifamily units by utilizing the new Live Local Act. is prime location and footprint ensures a developer the opportunity to develop a site in close proximity to Downtown Miami, Brickell, and the Miami River. Current market rents in Little Havana sub-market Exceed $3.50 per square foot for newer construction while maintaining one of the lowest vacancy rates throughout Miami-Dade County of sub 3.5%.