2616 NW 23rd Ave Miami, FL 33142

Listing office Julies Realty, LLC I***@yilenamendoza.com Show Phone

Listing date Feb 5, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This property presents a development opportunity with two contiguous lots totaling 11,040 square feet (0.25 acres) located in Allapattah's NW 27th Avenue corridor. The T4-R zoning supports development potential in an area west of Wynwood. An existing 5-unit building generates income while securing permits and planning development. The property is located in a federally designated Opportunity Zone, providing access to SR-836, I-95, Wynwood, the Health District, and Downtown Miami. This quarter-acre development site offers built-in rental income in a submarket experiencing appreciation.

Key Highlights

• Prime 0.25‑acre land assembly in Allapattah's high‑growth NW 27th Avenue corridor.
• T4‑R zoning suitable for development.
• Existing 5‑unit building generates positive cash flow.

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FAQs

What type of property is this?

Commercial land - Prime 0.25-acre development site with existing income in Allapattah.

Where is this commercial land located?

The property is located at 2616 NW 23rd Ave Miami, FL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Prime 0.25‑acre land assembly in Allapattah's high‑growth NW 27th Avenue corridor.; T4‑R zoning suitable for development.; Existing 5‑unit building generates positive cash flow.