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1189 NW 26th St - Develop 49 Unit West of Wynwood 0.11 Acres of Commercial Land Offered at $2,726,658 CAD in Miami, FL 33127

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INVESTMENT HIGHLIGHTS

Plans submitted for 49 units (48 rentals & 1 commercial unit)
Proform $1.1 mm + in rents when delivered and stabilized as leased up
Between Wynwood, Design District, Midtown Miami, Edgewater & the Hospital District

Plans submitted by right under Live Local & are on the 2nd round of comments
Near 2 metro stations 4-5 blocks north and south of site for TOD status
Only $42,000/door land cost

EXECUTIVE SUMMARY

Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.

OM - West of Wynwood 49 Unit Development Site 1189 NW 26 St 2026

Property Tax Card 1189 NW 26th St

Survey 1189 NW 26th Street LOT 25_signed

FINANCIAL SUMMARY (PRO FORMA - 2026)	ANNUAL (CAD)	ANNUAL PER AC (CAD)
Gross Rental Income	$1,552,311	$13,521,874.47
Other Income	$20,553	$179,030.49
Vacancy Loss	$62,092	$540,874.98
Effective Gross Income	$1,510,771	$13,160,029.98
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$453,231	$3,948,004.22
Net Operating Income	$1,057,541	$9,212,025.76

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income (CAD)
Annual	$1,552,311
Annual Per AC	$13,521,874.47

Other Income (CAD)
Annual	$20,553
Annual Per AC	$179,030.49

Vacancy Loss (CAD)
Annual	$62,092
Annual Per AC	$540,874.98

Effective Gross Income (CAD)
Annual	$1,510,771
Annual Per AC	$13,160,029.98

Taxes (CAD)
Annual	-
Annual Per AC	-

Operating Expenses (CAD)
Annual	-
Annual Per AC	-

Total Expenses (CAD)
Annual	$453,231
Annual Per AC	$3,948,004.22

Net Operating Income (CAD)
Annual	$1,057,541
Annual Per AC	$9,212,025.76

PROPERTY FACTS

Price	$2,726,658 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.11 AC
Property Type	Land
Zoning	T4-L Live Local - T4-L, TOD, and Live Local allowing 49 units.

Price	$2,726,658 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units
Total Lot Size	0.11 AC
Zoning	T4-L Live Local - T4-L, TOD, and Live Local allowing 49 units.

1 LOT AVAILABLE

Lot 1

Price	$2,726,658 CAD	Lot Size	0.11 AC
Price Per AC	$23,759,449.83 CAD

Price	$2,726,658 CAD
Price Per AC	$23,759,449.83 CAD
Lot Size	0.11 AC

West of Wynwood Lot on NW 12th Ave on the way to the Hospital District within 4-5 blocks of 2 metro stations. Live Local submitted development plans benefitting from TOD, Live Local, & 100% parking reduction for 49 units. Zoned T4-L. 5,000 SF lot.