175 27Th StMiami, FL 33127

  • Land
  • 0.13 AC
For Sale

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
175 27Th St, Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,345
$1,960,000
-
$1,960,000
-
$1,960,000
-
$1,960,000

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