Rare, fully-entitled development site on the fast-densifying western edge of Miami's Wynwood corridor. 1027 NW 29 Street is a ±10,687 SF T4-O parcel that is site-plan approved for an eight-story, mixed-use building with 50 residential units over ground-floor retail — designed by JCD Architect, Inc. with a lobby/leasing area, bike… Read More amenity, and a landscaped rooftop with a signature mural. With entitlements already secured, a buyer skips the longest and most uncertain phase of development and moves directly toward permitting and construction — a compelling basis at $1,450,000, roughly $29,000 per approved unit. The approved 120% AMI rent structure supports projected stabilized residential income of approximately $1.5M per year, and T4-O zoning allows a wide range of uses including multifamily, townhomes, live/work, retail, and mixed-use. Major upside: the adjacent lot at 2900 NW 10 Avenue is also for sale — an income-producing 4-plex on a ±13,500 SF corner — allowing a buyer to assemble ±24,187 SF and either phase two projects or combine the parcels to expand the development and add structured parking. Minutes to Wynwood, Midtown, the Design District, Edgewater, and Downtown Miami, with direct I-95 access. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
65
Last Updated
Property Type
Duplex
Square Ft.
1,165
Year Built
1935
MLS Number
A12073294
Additional Details
Building
Built in 1935, Living area: 1165.0, 1 storey, Construction Materials: Block, Frame, Stucco
Community
2 units in community
Cooling
Central Air
Floors
Tile
Heating
Separate Meters, Central
Income
Gross Income: $4,000
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 0131260361190, Annual Amount: $11,440, Legal Description: SANTA CLARA SUB PB 6-110 LOTS 25 & 26 BLK 7 LOT SIZE 10687 SQUARE FEET OR 20494-0608 05 2000 4, Year: 2025, Zoning: 4801
Utilities
Cable Not Available
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