175 27Th StMiami, FL 33127

Property Details for 175 27Th St

Lot size

0.13 AC

Zone code

6101

Property type

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.

• 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

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