175 27Th StMiami, FL 33127
- Land
- 0.13 AC
Property Details for 175 27Th St
- Lot size
- 0.13 AC
- Zone code
- 6101
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 01-3125-029-0500
- APU
- 131250290500
Description
This exceptional assemblage opportunity presents a unique chance to develop a significant mixed-use project in Miami's vibrant Wynwood Arts District. Located at 175 NW 27th Street, this vacant land parcel offers 5,600 to 10,000 square feet, with the potential to acquire an adjacent parcel for a total of 10,000 square feet. The property is zoned T5-O, allowing for the construction of a building up to eight stories high, with potential bonuses. The maximum buildable area is 22,559 square feet, with an 80% building coverage allowance. This flexibility allows for a diverse range of uses, including hotel, residential, commercial, restaurant, or office space. Miami 21 incentives offer up to a 30% parking reduction for properties within a half-mile of a transit-oriented development or a quarter-mile of a transit corridor, significantly impacting development costs. This prime location on one of Wynwood's most desirable streets provides unparalleled access to the area's thriving retail and residential scene, making this an ideal investment for developers seeking to create a landmark project in a dynamic and rapidly growing neighborhood. The property's versatility and location combine to create a truly exceptional development opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $5,534,154
- Hospitality
- $5,069,256
- Educational
- $4,217,561
- Medical
- $4,362,610
- Retail
- $6,560,650
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.8024
- Longitude
- -80.1986
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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