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2189 NW 20Th St Miami, FL 33142

For Sale
$11,000,000

0.91 acres in Allapattah CRA, ideal for developers.

Lot size:
0.91 Acres

Property Features for 2189 NW 20Th St

General Information

Lot size
0.91 Acres

Source: First Service Realty ERA Agent Madelin Estupinan

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


Overview

Allapattah CRA Development Opportunity

This offering comprises an assemblage of three parcels, totaling 0.91 acres (39,691 square feet) within the Allapattah Community Redevelopment Agency (CRA). The property is zoned T6-8-O and D1, and benefits from a Live Local Act override, eliminating the need for zoning amendments. A conceptual plan for a 220-unit multifamily development is available, potentially qualifying for 4% Low-Income Housing Tax Credits (LIHTC), a 30% Qualified Census Tract (QCT) basis boost, an 85% property-tax exemption, and $12-15 million in soft-loan gap funding through SAIL + surtax programs. Situated on a hard corner with paved road access, the location offers proximity to hospitals, transit options, and various employers. The sale includes the conceptual plan, a financial model, and an investor package. This opportunity is particularly well-suited for LIHTC developers, syndicators, or institutions aligned with the CRA's objectives. Development cost terms and an illustrative model disclaimer are provided in the attachment.
Insight Report Location Intelligence

Current Use by Public Records

Commercial land

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.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.2298
Latitude
25.753048

FAQs

What type of property is this?
Commercial land - 0.91 acres in Allapattah CRA, ideal for developers.
Where is this commercial land located?
The property is located at 2189 NW 20Th St Miami, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: - Assemblage of 3 parcels totaling 0.91 acres in Allapattah CRA, zoned T6-8-O and D1.; - Conceptual 220-unit multifamily plan qualifies for 4% LIHTC, 30% QCT basis boost, and **85% property-tax exemption.**; - **Potential for $12-15M in soft-loan gap funding** (SAIL + surtax).
More about this property
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