29 NW 28th St - Wynwood Development Site

0.16 Acres of Commercial Land Offered at $4,000,000 in Miami, FL 33127

INVESTMENT HIGHLIGHTS

  • Prime site in one of Miami’s fastest-growing neighborhoods.
  • Versatile zoning, offering long-term rental, short-term rental, and hospitality opportunities.
  • Soon to be Entitled and value-engineered plans, minimizing costs and expediting timelines.
  • Immediate access to a thriving submarket and neighboring landmark developments

EXECUTIVE SUMMARY

Wynwood's Northeast quadrant development site is for sale with pre-approved plans featuring a boutique eighth-story mixed-use project in the heart of Miami's iconic Wynwood.
The property is posed for developing a high-end boutique mix-use building. Ownership has created modern plans featuring 35 luxury residential units, with ground-floor mezzanine-level F&B space and rooftop lounge or wellness space. The Seller has strategically value-engineered the project for an efficient construction cost and has expedited the entitlement process over the past two years with the City of Miami.
Located within the highly coveted NRD-1 zoning overlay, The Development site at 29 NW 28 Street benefits from proximity to world-class cultural, culinary, and nightlife destinations. The property sits amidst a dynamic roster of neighboring developments by industry leaders such as Related Group, Lennar, and Kushner companies. The location provides unparalleled access to major transportation arteries, public transit, and a thriving hospitality and retail ecosystem with strong market fundamentals.
The property allows for flexible uses, including residential, hospitality, office, retail, or mixed-use. With entitlements for an eight-story building plus bonus height available, developers can tailor the project to capitalize on Wynwood's rapid growth and demand for premium spaces.

PROPERTY FACTS

Price $4,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.16 AC

1 LOT AVAILABLE

Lot

Price $4,000,000
Price Per AC $25,252,206.41
Lot Size 0.16 AC

The property sits amidst a dynamic roster of neighboring developments by industry leaders such as Related Group, Lennar, and Kushner companies. The property allows for flexible uses, including residential, hospitality, office, retail, or mixed-use.

DESCRIPTION

Located within the highly coveted NRD-1 zoning overlay, The Development site at 29 NW 28 Street benefits from proximity to world-class cultural, culinary, and nightlife destinations. The property sits amidst a dynamic roster of neighboring developments by industry leaders such as Related Group, Lennar, and Kushner companies. The location provides unparalleled access to major transportation arteries, public transit, and a thriving hospitality and retail ecosystem with strong market fundamentals.

Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (82)

PROPERTY TAXES

ZONING

Zoning Code 6101 (General Commercial)
  • Listing ID: 34171911

  • Date on Market: 6/7/2024

  • Last Updated:

  • Address: 29 NW 28th St, Miami, FL 33127