176 NW 28th St - Entitled 120-key Hotel Dev next Wynwood Walls 0.26 Acres of Commercial Land Offered at $12,563,280 CAD in Miami, FL 33127

PCK Commercial, in collaboration with ownership, is pleased to present a landmark opportunity to deliver a fully envisioned 120-key lifestyle hospitality project at the heart of Miami’s Wynwood Arts District. The offering comprises an ±11,234 SF, three-parcel assemblage with exceptionally rare dual frontage along NW 27th and NW 28th Streets—directly adjacent to Wynwood Walls, one of Miami’s most visited cultural destinations drawing more than 3 million visitors annually. The property is supported by an existing Waiver Final Decision that provides a clear and accelerated development path, removing significant entitlement risk and enabling immediate execution. This framework positions the site to accommodate a fully realized 120-key hospitality concept featuring hotel keys, short-term rental inventory, curated food & beverage venues, marketplace retail activation, and a rooftop entertainment program with pool and bar. A leading global lifestyle hospitality operator has prepared a concept proposal for the site, envisioning a flagship property aligned with Wynwood’s artistic identity and immersive day-to-night culture. This proposal offers prospective acquirers the optionality to leverage an internationally recognized brand platform; full materials can be shared with qualified groups under NDA. Strategically located within Wynwood’s highest-traffic pedestrian corridor, the site is positioned to capture recurring demand surges tied to Art Basel, F1 Miami, Ultra, Miami Open, and other marquee events—periods during which the submarket’s boutique hotels routinely outperform citywide ADRs. Recent hospitality transactions further validate investor appetite in the district, including the January 2025 sale of the 120-key MOXY Miami Wynwood for $99 million for a 52% interest, one of Miami’s most notable hotel trades of the year. With a land cost basis of $75K per key, the offering presents a compelling value-creation spread and meaningful downside protection. With virtually no remaining assemblage opportunities of this scale in Wynwood’s walkable core, the site represents a rare opportunity to deliver a marquee, design-driven 120-key lifestyle hospitality asset steps from the neighborhood’s most iconic cultural anchor.