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Allapattah Corner Covered Opportunity 2919 NW 8th Ave 4 Unit Apartment Building $1,943,012 CAD ($485,753 CAD/Unit) Miami, FL 33127
Investment Highlights
- Liberal Industrial Zoning: Underlying D1 industrial zoning supports a broad range of high-demand uses including warehousing, flex, office and more
- Covered Land Infill Advantage: Secure a key piece of the puzzle in an emerging market
- Assemblage Opportunity: Rare opportunity for majority control of critical city block with additional 0.90-acre assemblage available
- Multi-Exit Optionality: Opportunity Zone-located and Live Local Eligible, the site offers multiple paths to revenue generation
- Strategic Peripheral-Core Location: Situated at the nearest block west of the Wynwood and I-95 with direct access to major employment & transportation
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PRESENTS A CORNER INFILL OPPORTUNITY WITH UNDERLYING INDUSTRIAL ZONING ALONG ALLAPATTAH’S ESTABLISHED NW 29TH STREET COMMERCIAL CORRIDOR.
Offering total use optionality thanks to its highly sought-after D1 zoning, this asset sports an existing fourplex covered component providing near-term income while preserving long-term upside. The liberal D1 industrial/commercial underlying zoning allows for exceptional flexibility for uses like warehouse, storage, and automotive in addition to traditional retail/office, appealing to investors, users, and future redevelopment strategies alike.
Positioned just West of I-95 at the corner of the nearest full-block to Wynwood, the site benefits from strong visibility, stable traffic counts, and direct connectivity to major transportation routes & surrounding peripheral core neighborhoods. As demand for well-located and accessibly-sized industrial infill opportunities continues to intensify, this offering presents a compelling opportunity to secure a winning position, multi-exit asset in one of Miami’s most resilient submarkets.
Offering total use optionality thanks to its highly sought-after D1 zoning, this asset sports an existing fourplex covered component providing near-term income while preserving long-term upside. The liberal D1 industrial/commercial underlying zoning allows for exceptional flexibility for uses like warehouse, storage, and automotive in addition to traditional retail/office, appealing to investors, users, and future redevelopment strategies alike.
Positioned just West of I-95 at the corner of the nearest full-block to Wynwood, the site benefits from strong visibility, stable traffic counts, and direct connectivity to major transportation routes & surrounding peripheral core neighborhoods. As demand for well-located and accessibly-sized industrial infill opportunities continues to intensify, this offering presents a compelling opportunity to secure a winning position, multi-exit asset in one of Miami’s most resilient submarkets.
Property Facts
| Price | $1,943,012 CAD | Building Class | C |
| Price Per Unit | $485,753 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,844 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | D1 - Allowable uses Industrial, Warehouse, Storage, Office, Hotel, Multi-Family (w/Live Local) Max. Density 156 units (1,000 du/acre), Max Height 8 stories | ||
| Price | $1,943,012 CAD |
| Price Per Unit | $485,753 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,844 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Opportunity Zone |
Yes |
| Zoning | D1 - Allowable uses Industrial, Warehouse, Storage, Office, Hotel, Multi-Family (w/Live Local) Max. Density 156 units (1,000 du/acre), Max Height 8 stories |
Amenities
Site Amenities
- Fenced Lot
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3126-009-0470 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $632,170 CAD |
Property Taxes
Parcel Number
01-3126-009-0470
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$632,170 CAD
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Allapattah Corner Covered Opportunity | 2919 NW 8th Ave
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