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2189 NW 20th St - Allapattah 3-Lot Assemblage - 220-Unit LLA/LI 0.91 Acres of Commercial Land Offered at $15,347,200 CAD in Miami, FL 33142
INVESTMENT HIGHLIGHTS
- Zoned T6-8-O & D1 with LLA override (no rezoning)
- Significant ad valorem tax abatement
- Hard-corner site w/ dual frontage (NW 20th St. & NW 1st Ave.)
- 4 % LIHTC allocation + QCT basis boost
- Conceptual 220-unit mid-rise multifamily plan included
EXECUTIVE SUMMARY
This site is primed for a high-density, transit-oriented development. The T6-8-O and D1 zoning, combined with a Live Local Act (LLA) override, allows for a conceptual plan of 220 multifamily units by-right, with no rezoning required.
The proposed project is structured to qualify for a powerful stack of financial incentives, including:
- 4% LIHTC
- 30% QCT (Qualified Census Tract) basis boost
- 85% ad valorem tax exemption
- Potential for $12–$15 million in SAIL and surtax gap financing
Situated on a hard corner, the property is in the heart of Miami's medical district, with immediate proximity to Jackson Memorial, the VA Hospital, Miami Children’s Hospital, public transit (including a future TOD station), and major employment centers.
A conceptual development plan is available upon request. A complete developer package - including architectural renderings, detailed financial models (sources & uses, IRR), and an investor pitch book - is currently in production and will be available shortly.
This is an ideal opportunity for LIHTC developers, affordable-housing syndicators, or CRA-aligned institutions. Contact us today for the executive summary and to register for the full package.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $15,347,200 CAD | Lot Size | 0.91 AC |
| Price Per AC | $16,843,214.46 CAD |
| Price | $15,347,200 CAD |
| Price Per AC | $16,843,214.46 CAD |
| Lot Size | 0.91 AC |
3-parcel assemblage (0.91 ac) in Allapattah. Zoned T6-8-O & D1 w/ LLA override. 220-unit qualifies 4% LIHTC, 30% QCT, 85% tax exemp, $12–15 M soft-loan. Corner lot near hospitals/transit. Sale incl plan, model, investor pkg. Ideal for LIHTC devs.
DESCRIPTION
We are pleased to offer a turnkey, contiguous three-parcel assemblage totaling 0.91 acres (39,691 SF) in the Allapattah CRA, zoned T6-8-O and D1 with a Live Local Act override-no rezoning required. A conceptual 220-unit mid-rise multifamily plan is included, qualifying for 4% LIHTC with a QCT basis boost and a substantial ad valorem tax abatement, plus $12–15 million of SAIL/surtax gap financing to cover impact fees and entitlement costs. Located on a hard corner with paved frontage along NW 20th St. and NW 1st Ave., the site is steps from Jackson Memorial, the VA Hospital, Miami Children’s Hospital, multiple bus routes, and a planned TOD station, with I-95, Wynwood, Midtown, and Brickell minutes away. Buyer to fund entitlement, permitting, and soft-cost expenses; seller will fully cooperate. All information is deemed reliable but not guaranteed; prospects should verify independently.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $280,752 CAD | |
| Land Assessment | $1,965,264 CAD | Total Assessment | $5,282,389 CAD |
PROPERTY TAXES
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2189 NW 20th St - Allapattah 3-Lot Assemblage - 220-Unit LLA/LI
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