1352 21St St Miami, FL 33142
This exceptional 7,250-square-foot vacant lot presents a compelling investment opportunity in Miami's rapidly developing Allapattah neighborhood. Located at 1352 NW 21st St, Miami, FL 33142, this 0.2-acre parcel is zoned T6-8-O, allowing for the construction of a multifamily building with up to 25 apartments and ground-floor retail space. Allapattah is experiencing significant revitalization, with plans for over 4,000 new residential units, solidifying its position as a highly sought-after area, often referred to as "the next Wynwood." The property's prime location offers easy access to the Miami Health District, and is a short drive from Wynwood, Brickell, and Downtown Miami. An adjacent larger lot with a warehouse is also available for purchase, presenting the potential for a substantially larger development with up to 120 units. This vacant land offers developers a unique chance to capitalize on Allapattah's explosive growth and create a significant return on investment. The asking price for this property is $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.