Miami Development Opportunity Near Wynwood

1189 NW 26 St, Miami, FL 33127

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For Sale

$1,990,000

Permit-ready land for 49 units near UM Hospital District.

Type:Commercial

HighLights

Permit ready before June 30th for a 9‑story, 49‑unit apartment building.
Develop by‑right via the ‘Live Local Act’ with 48 residential units and one commercial/office unit.
Zero parking requirements due to Transit Oriented Development (TOD) location, resulting in cost savings.
Located west of Wynwood and blocks from the UM Hospital District.
Potential for over $1.1 mm in annual proforma revenue when developed and stabilized.
Excellent walkability (90 walkScore) and bikeability (75 bikeScore), with good transit options (52 transitScore).

We can help!

Listing Contact

Brian Carter

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For Sale

$1,990,000

Permit-ready land for 49 units near UM Hospital District.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 3:07 pm

Property Features for 1189 NW 26 St

General Information

Standard status: Active
Property subtype: Commercial

We can help!

Listing Contact

Brian Carter

Listing agent Brian Carter License #3022095

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Brian Carter

HighLights

Permit ready before June 30th for a 9‑story, 49‑unit apartment building.
Develop by‑right via the ‘Live Local Act’ with 48 residential units and one commercial/office unit.
Zero parking requirements due to Transit Oriented Development (TOD) location, resulting in cost savings.
Located west of Wynwood and blocks from the UM Hospital District.
Potential for over $1.1 mm in annual proforma revenue when developed and stabilized.
Excellent walkability (90 walkScore) and bikeability (75 bikeScore), with good transit options (52 transitScore).

Overview

This property presents a development opportunity for a 9-story apartment building with 49 units, situated west of Wynwood and near the UM Hospital District in Miami, Florida. The site is permit-ready before June 30th. Development is by-right via the ‘Live Local Act’, allowing for 48 residential units and one commercial/office space. Located in a Transit Oriented Development (TOD) area, the property benefits from zero parking requirements, offering cost savings. The location is near two metro stations along NW 12th Ave. The property has the potential for over $1.1 million in annual proforma revenue upon development and stabilization. Plans are in the process of a 2nd round of submissions. The bike score is 75, indicating it is very bikeable. The walk score is 90, indicating it is very walkable. The transit score is 52, indicating good transit.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.215004
Latitude: 25.80115

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For sale
Commercial land
FL
Miami
33127
1189 NW 26 St

What type of property is this?

Commercial land - Permit-ready land for 49 units near UM Hospital District.

Where is this commercial land located?

The property is located at 1189 NW 26 St Miami, FL.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: Permit ready before June 30th for a **9‑story, 49‑unit apartment building**.; Develop by‑right via the ‘Live Local Act’ with 48 residential units and one commercial/office unit.; **Zero parking requirements** due to Transit Oriented Development (TOD) location, resulting in cost savings.