Listing Agency: Julies Realty, LLC

Listed By: Yilena Mendoza · License #3303361 Show Phone

Source: Insidenetworkco

Added: Feb 5 Changed: Oct 27 Last Checked: Nov 4 at 7:52AM

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Investment Insights

Based on property information with market context.

This commercial land offering includes two contiguous lots totaling 11,040 square feet, or 0.25 acres, with an existing five-unit building. The property is zoned T4-R and is designated as a federal Opportunity Zone, combining current rental income with land for development planning.

The site is in Allapattah along the NW 27th Avenue corridor, west of Wynwood. Access to SR-836 and I-95 connects the property with Wynwood, the Health District, and Downtown Miami.

Key Highlights

• Two contiguous lots totaling 11,040 SF (0.25 acres)
• Existing five‑unit building generates rental income
• T4‑R zoning

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Dental Office Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,665

Businesses Nearby

Explore this area Business Placement

Demographics for 33142, FL

55,425

Population

22,275

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

69%

High-School Grad

10.9 sq mi

ZIP Area

5,085

Density / Sq Mi

$37,900

Median Household Income

$29,109

Median Earnings

$1,289

Median Rent

$298,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - An existing five-unit building provides rental income alongside a development parcel in an Opportunity Zone.

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: Two contiguous lots totaling 11,040 SF (0.25 acres); Existing five‑unit building generates rental income; T4‑R zoning