For Sale
$4,250,000

97 27Th St Miami, FL 33127

Prime Wynwood location, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 01-3125-029-0790 Miami-Dade County property, located at 97 NW 27th St, Miami, FL 33127, presents a unique opportunity for developers seeking a foothold in Wynwood's thriving Northeast Quadrant. Zoned 6107, this industrial land parcel offers the potential to develop up to five stories, accommodating 39 residential units or 78 hotel/short-term rental units. Currently improved with a ten-unit multi-family building generating income from short-term leases, this corner lot provides immediate cash flow. The property's location within Wynwood's NRD-1 zoning overlay allows for a variety of development options, aligning with the success of neighboring projects by prominent developers. An adjacent property is also available for purchase, offering the potential to assemble a significantly larger 16,950 square foot site. This expanded footprint would provide frontage on NW 1st Avenue, capitalizing on the planned Wynwood Woonerf program and its potential for vibrant retail opportunities. The site benefits from convenient access to major transportation arteries and public transit. Financial details are available upon request. This is an exceptional opportunity to capitalize on Wynwood's dynamic growth.

Highlights

  • Prime Wynwood corner lot in a high-growth area, ideal for developers.
  • Wynwood NRD-1 zoning allows for development alongside major players like Related Group and Lennar.
  • Develop up to 5 stories with 39 residential units or 78 hotel/short-term rentals.
  • Currently houses a 10-unit multi-family building with short-term leases; financials available upon request.
  • Adjacent property also available for sale, offering potential assemblage up to 16,950 SF.
  • Excellent retail potential on NW 1st Avenue, benefiting from the proposed Wynwood Woonerf program.

Property Details for 97 27Th St

Property type
Land, Industrial properties

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8023882
Longitude
-80.1968877

FAQs

What type of property is this?
Land - Prime Wynwood location, high development potential.
Where is the land located?
The property is located at 97 27Th St Miami, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Prime Wynwood corner lot in a high-growth area, ideal for developers.; Wynwood NRD-1 zoning allows for development alongside major players like Related Group and Lennar.; Develop up to 5 stories with 39 residential units or 78 hotel/short-term rentals.
How can I contact the broker?
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97 27Th St
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