175 27th St Miami, FL 33127-4425

Property Details for 175 27th St

Lot size

0.13 lot acres

Zone code

6101

Property type

Commercial land

APN

01-3125-029-0500

APU

131250290500

Description

This exceptional assemblage opportunity presents a unique chance to develop a significant mixed-use project in Miami's vibrant Wynwood Arts District. Located at 175 NW 27th Street, this vacant land parcel offers 5,600 to 10,000 square feet, with the potential to acquire an adjacent parcel for a total of 10,000 square feet. The property is zoned T5-O, allowing for the construction of a building up to eight stories high, with potential bonuses. The maximum buildable area is 22,559 square feet, with an 80% building coverage allowance. This flexibility allows for a diverse range of uses, including hotel, residential, commercial, restaurant, or office space. Miami 21 incentives offer up to a 30% parking reduction for properties within a half-mile of a transit-oriented development or a quarter-mile of a transit corridor, significantly impacting development costs. This prime location on one of Wynwood's most desirable streets provides unparalleled access to the area's thriving retail and residential scene, making this an ideal investment for developers seeking to create a landmark project in a dynamic and rapidly growing neighborhood. The property's versatility and location combine to create a truly exceptional development opportunity.