92 27Th StMiami, FL 33127

Property Details for 92 27Th St

Year built

1930

Construction

TYPE NOT SPECIFIED

Lot size

0.12 AC

Property size (Sq ft)

1,156 SF

Zone code

6107:RESID-MEDIUM RETAIL

Property type

Land

Property subtype

Commercial land

APN

01-3125-029-0101

APU

131250290101

Description

This exceptional 10,366 sq ft commercial and industrial land parcel, located at 92-98 NW 27th St in Miami, Florida (zip code 33127), presents a remarkable development opportunity in Wynwood's thriving Northeast Quadrant. Zoned T5-L, this corner lot within Wynwood's NRD-1 zoning overlay allows for the construction of up to a five-story building. Current zoning permits up to 36 residential units or 71 hotel/short-term rental units. The asking price is $7,775,000. The sale may include architectural plans and intellectual property for a proposed 71-unit luxury hotel/short-term lodging project. Its strategic location along 1st Avenue offers compelling retail frontage, directly facing the planned Wynwood Woonerf. This property offers developers a chance to join established neighbors like Related Group, Lennar, and Kushner Companies, capitalizing on Wynwood's dynamic growth. This is an exceptional opportunity for developers seeking to establish a presence in this highly sought-after Miami neighborhood. The property's prime location and flexible zoning make it ideal for a variety of high-return development projects.

• Alternative Use

  Use

  Valuation

  Residential

  $1,142,408

  Hospitality

  $1,046,439

  Educational

  $870,625

  Medical

  $900,567

  Retail

  $1,354,306

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.802

Longitude

-80.1968

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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