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    1628 NW 28Th St Miami, FL 33142

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    For Sale
    $6,800,000

    Two commercial properties in Allapattah near Wynwood Art District.

    Lot size:
    0.62 Acres

    Property Features for 1628 NW 28Th St

    General Information

    Lot size
    0.62 Acres

    Building Details

    Year built
    1940

    Source: Ruano Brokers Incorporated Agent Jose Ruano

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

    Overview

    Allapattah Miami Commercial Properties For Sale

    Two commercial properties are available for sale in Miami's Allapattah neighborhood, near the Wynwood Art District. The properties are located in a designated Pedestrian-Oriented Zoning Area under Miami 21. The primary property features a 12,995-square-foot building on a 14,040-square-foot lot. The sale includes an adjacent retail building of 2,993 square feet on a 12,916-square-foot lot (PID# 01-3126-020-0010), where a restaurant and a strip store currently operate. Together, the two properties comprise a total of 26,956 square feet of land zoned T5-O & T6-8-O. The location is across from Juan Pablo Duarte Park, which offers outdoor recreation and nature preservation. The properties are suitable for various art-related businesses, including art venues, art galleries, artists' studios, restaurants, theaters, cultural centers, and community centers. Owner financing is available with attractive terms, featuring interest-only payments at 6.9% with a balloon payment in 5 years.
    Location Intelligence

    Current Use by Public Records

    Access Tools Tool Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    11 Fye Flavors, Construction Catering Inc, Hospitality & Culinary Collective, Vinya Kitchen Catering, SuViche Sushi Catering Miami

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.22259
    Latitude
    25.801903

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    FAQs

    What type of property is this?
    Restaurant - Two commercial properties in Allapattah near Wynwood Art District.
    Where is this restaurant located?
    The property is located at 1628 NW 28Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: - Owner financing available with attractive terms, featuring 6.9% interest only and a 5-year balloon.; - Located in a designated Pedestrian-Oriented Zoning Area (Miami 21), ideal for various Art Venue businesses.; - Proximity to Wynwood Art District.
    (305) 989-0227
    Request Owner's contact information
    1628 NW 28Th St Miami, FL 33142
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1628 NW 28Th St Miami, FL 33142
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