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2177 NW 28th St 0.15 Acres of Commercial Land Offered at $1,024,996 CAD in Miami, FL 33142
Investment Highlights
- 6,720 SF vacant development site (120' x 56') in Allapattah, one of Miami's fastest-transforming submarkets — ready for a ground-up project.
- T5-O zoning permits a broad mix of uses multifamily, office, retail, and lodging giving a developer flexibility to program the site to market demand
- Minutes from the Miami Health District and Allapattah's cultural corridor in close proximity to Spacio 23, the Museum of Sex, galleries, and creative
- 10 residential units as-of-right, with additional density achievable through qualifying attainable/workforce housing programs or Florida's Live Local
- Located within a designated Opportunity Zone, positioning the site for potential capital gains tax incentives under federal OZ programs.
- Sits just outside the newly formed Allapattah CRA, backed by a proposed $243 million investment framework for infrastructure, small business growth
Executive Summary
Amazing Allapattah development opportunity in this rapidly transforming Miami neighborhood. This 6,720 SF vacant parcel features T5-O zoning, providing a broad range of
permitted residential and commercial uses, including multifamily, office, retail, lodging, and more. Current as-of-right density provides for 10 residential units, with potential to achieve greater density through qualifying attainable/workforce housing programs as well as Florida’s Live Local, subject to applicable criteria and approvals.
Strategically located within an Opportunity Zone and in close proximity to the Miami Health District, the property is surrounded by the energy and investment driving Allapattah’s transformation. Nearby attractions include Spacio 23, the Museum of Sex, art galleries, restaurants, creative spaces, and emerging developments. The property is also near the newly established Allapattah CRA, backed by a proposed $243 million investment framework targeting infrastructure improvements, small business growth, and affordable housing.
Positioned at the intersection of connectivity, zoning flexibility, and neighborhood growth, this property offers developers and investors an opportunity to participate in the continued evolution of Allapattah.
permitted residential and commercial uses, including multifamily, office, retail, lodging, and more. Current as-of-right density provides for 10 residential units, with potential to achieve greater density through qualifying attainable/workforce housing programs as well as Florida’s Live Local, subject to applicable criteria and approvals.
Strategically located within an Opportunity Zone and in close proximity to the Miami Health District, the property is surrounded by the energy and investment driving Allapattah’s transformation. Nearby attractions include Spacio 23, the Museum of Sex, art galleries, restaurants, creative spaces, and emerging developments. The property is also near the newly established Allapattah CRA, backed by a proposed $243 million investment framework targeting infrastructure improvements, small business growth, and affordable housing.
Positioned at the intersection of connectivity, zoning flexibility, and neighborhood growth, this property offers developers and investors an opportunity to participate in the continued evolution of Allapattah.
Property Facts
| Price | $1,024,996 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | T5-O - See attached zoning details | ||
| Price | $1,024,996 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.15 AC |
| Opportunity Zone |
Yes |
| Zoning | T5-O - See attached zoning details |
1 Lot Available
Lot
| Price | $1,024,996 CAD | Lot Size | 0.15 AC |
| Price Per AC | $6,656,079.04 CAD |
| Price | $1,024,996 CAD |
| Price Per AC | $6,656,079.04 CAD |
| Lot Size | 0.15 AC |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3127-031-0060 | Improvements Assessment | $0 CAD |
| Land Assessment | $465,404 CAD | Total Assessment | $465,404 CAD |
Property Taxes
Parcel Number
01-3127-031-0060
Land Assessment
$465,404 CAD
Improvements Assessment
$0 CAD
Total Assessment
$465,404 CAD
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2177 NW 28th St
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