97 NW 27Th St Miami, FL 33127
Property profile & analytics
97 NW 27Th St Miami, FL 33127
- Commercial land
Property ID
US18-1641050
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 97 NW 27Th St
- Property type
- Commercial land
- Property subtype
- Short term rental properties
Description
The subject property offers developers with a unique opportunity to acquire a corner site in one of Miami’s fastest growing sectors. Situated within Wynwood’s NRD-1 zoning overlay, the property provides an opportunity for Buyers to join a successful roster of neighboring developers such as Related Group, Lennar, and the Kushner Companies. The corner lot offers developers with the ability to develop residential or short-term lodging projects. Currently, the site allows for the development of up to 5 stories, 39 residential units, or 78 hotel/short term rentals. The property currently houses a successful multi-family building with 10 units that are currently leased on short term leases. Financial information is available upon request. Additionally, the neighboring property is also for sale for a potential to assemble up to 16,950 SF of total land area. This allows for an excellent opportunity to develop a project that fronts NW 1 st Avenue and the newly proposed Wynwood Woonerf program, which will allow for excellent retail potential on the avenue. The location also offers immediate access to major transportation arteries and public transportation. Overall, this property presents an exciting opportunity for developers looking to enter the Wynwood market and would like to take advantage of the area’s thriving environment. The Seller will consider JV Opportunities and other deal structures. Possibility to Assemble neighboring sites.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.197
- Latitude
- 25.802444
