97 NW 27th St, Miami, FL 33127

Listing agent Mateo Romero License #FL SL3371935

Listing office Gridline Properties i***@gridlineproperties.com Show Phone

Listing date Jul 3, 2024

Source Crexi

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Overview

This corner property is located in a rapidly growing area of Miami, within Wynwood’s NRD-1 zoning overlay. It presents a development opportunity for residential or short-term lodging projects. The site allows for the construction of up to 5 stories, accommodating 39 residential units, or 78 hotel/short-term rentals. Currently, the property features a multi-family building with 10 units leased on short-term leases. Financial details are available upon request. The adjacent property is also for sale, offering the potential to assemble up to 16,950 square feet of total land area. This provides an opportunity to develop a project that faces NW 1st Avenue and the planned Wynwood Woonerf program, which may allow for retail potential on the avenue. The location provides access to major transportation routes and public transportation. The seller is open to considering Joint Venture opportunities and other deal structures. There is a possibility to assemble neighboring sites.

Suggested Use

Law Firm Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.197

Latitude

25.802444

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FAQs

What type of property is this?

Commercial land - Corner lot in Wynwood NRD-1 zoning overlay.

Where is this commercial land located?

The property is located at 97 NW 27th St Miami, FL.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: Prime Wynwood location within NRD‑1 zoning, allowing for residential or short‑term lodging development.; Development potential for up to 5 stories, **39 residential units, or 78 hotel/short‑term rentals**.; Opportunity to join established developers like Related Group, Lennar, and Kushner Companies.