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    176 NW 28Th St Miami, FL 33127

    For Sale
    $9,000,000

    Entitlement-ready 120-key boutique hospitality site in Wynwood core.

    Lot size:
    0.26 Acres

    Property Features for 176 NW 28Th St

    General Information

    Lot size
    0.26 Acres

    Source: Compass Florida, LLC Agent Joshua Kaufman

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

    Overview

    Wynwood Hotel Development Opportunity

    This is a rare hotel development opportunity in the Wynwood core, situated steps from Wynwood Walls within a high-traffic cultural corridor of Miami. The site is entitlement-ready for a 120-key boutique hospitality project, totaling 11,234 square feet across three parcels. It features dual-street frontage on NW 27th and NW 28th Streets. The property has existing NRD-1 zoning approvals and waivers, providing a streamlined path to deliver a lifestyle hotel with curated food and beverage options, retail spaces, and rooftop amenities. The submarket is experiencing significant hospitality momentum, including the recent sale of the 120-key MOXY Wynwood. With fewer than 500 hotel rooms serving more than 15 million annual visitors, the site is located in one of Miami's most dynamic and underserved pedestrian destinations.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Accounting Firm 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
    -80.198659
    Latitude
    25.80277

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    FAQs

    What type of property is this?
    Hotel - Entitlement-ready 120-key boutique hospitality site in Wynwood core.
    Where is this hotel located?
    The property is located at 176 NW 28Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: - Entitlement-ready 120-key boutique hotel site with existing NRD-1 zoning approvals and waivers, offering a streamlined development path.; - Prime Wynwood core location steps from Wynwood Walls in a high-traffic cultural corridor.; - Rare dual-street frontage on NW 27th and NW 28th Streets.
    (305) 989-6686
    Request Owner's contact information
    176 NW 28Th St Miami, FL 33127
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    Miami, FL 33127
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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
    176 NW 28Th St Miami, FL 33127
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