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29 NW 28th St - Wynwood Development Site
0.16 Acres of Commercial Land Offered at £3,284,612 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
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 | £3,284,612 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land |
| Price | £3,284,612 |
| 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 | £3,284,612 | Lot Size | 0.16 AC |
| Price Per AC | £20,735,923.17 |
| Price | £3,284,612 |
| Price Per AC | £20,735,923.17 |
| 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.
PROPERTY TAXES
| Parcel Number | 01-3125-028-1070 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,509,271 |
PROPERTY TAXES
zoning
| Zoning Code | 6101 (General Commercial) |
| 6101 (General Commercial) |
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29 NW 28th St - Wynwood Development Site
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