Development Land
660 662 664 NW 29th St Miami, FL 33127
For Sale
$3,500,000
LAND - Miami, FL
Property Size14,000 SF
Lot Size0.32 Acres
Price / SF$250
Days on Market142
Property Features for 660 662 664 NW 29th St
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 01-31-25-024-2420
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- NORTHERN BLVD TR PB 2-29 LOT 9 BLK 15 LOT SIZE 50.000 X 140 OR 19660-3437 04 2001 4 (6)
- Tax Annual Amount
- 11536
Listing Agency:
One Sotheby's International Realty
(305) 538-9711
Listed By:
Mina Taskiran · License #3252261
(305) 206-4551
Added: Mar 5
Changed: Jun 30
Last Checked: Jul 25 at 1:06AM
MLS# A11766314
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-parcel assemblage totals 14,000 SF and includes a 7-unit duplex along with an office building. The property is currently set up as mixed-use leasable space, providing existing improvements on-site while planning for future development.
The assemblage is located in Allapattah/Wynwood Junction, about one block from Wynwood’s Art & Entertainment District. The area includes nearby office leasing activity, including an Amazon office lease reported in the remarks, and other contemporaneous development noted within walking distance.
Zoned D2, the site supports up to eight floors of new construction and allows for multiple use types listed in the remarks, including retail, hotel/inn, bed and breakfast, and show room and offices. The combination of existing income-producing structures and flexible development capacity can support a range of redevelopment strategies for developers and investors evaluating the Miami market.
The assemblage is located in Allapattah/Wynwood Junction, about one block from Wynwood’s Art & Entertainment District. The area includes nearby office leasing activity, including an Amazon office lease reported in the remarks, and other contemporaneous development noted within walking distance.
Zoned D2, the site supports up to eight floors of new construction and allows for multiple use types listed in the remarks, including retail, hotel/inn, bed and breakfast, and show room and offices. The combination of existing income-producing structures and flexible development capacity can support a range of redevelopment strategies for developers and investors evaluating the Miami market.
Key Highlights
- 14,000 SF three‑parcel assemblage in Allapattah/Wynwood Junction
- Mixed‑use income‑producing setup includes a 7‑unit duplex and an office building
- Zoned D2 with allowance for up to 8 floors of new construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $504.0k | $36.00 |
| − Vacancy | −$33.8k | −$2.41 |
| EGI | $470.2k | $33.59 |
| − OpEx | −$211.6k | −$15.11 |
| NOI | $258.6k | $18.47 |
14,000 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Office B
$5.74M
$5.02M – $6.69M
NOI $401,625 @ 7.0% cap · market cap 11.48%
Second Best
Apartment 5plus
$3.69M
$3.23M – $4.31M
NOI $258,628 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$9.45M
$8.27M – $11.03M
NOI $661,506 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Apartment building - Three-parcel assemblage with an existing duplex and office building, zoned D2 for up to eight floors.
Where is this apartment building located?
The property is located at 660 662 664 NW 29th St Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 14,000 SF three‑parcel assemblage in Allapattah/Wynwood Junction; Mixed‑use income‑producing setup includes a 7‑unit duplex and an office building; Zoned D2 with allowance for up to 8 floors of new construction
