Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

4440 NW 27th Ave
Miami, FL 33142
 Land For Sale · 0.60 AC

Residential Land & Home Lots Florida Miami 4440 NW 27th Ave, Miami, FL 33142

Save this listing!

Favourite this listing to get notified of price updates, new media and more

Investment Highlights

  • MC-UC zoning, allows for 107 units by right - Opportunity Zoned Land
  • Blocks to Metrorail on 27th Ave just south of NW 54th Street (0.40 miles)
  • Rent at 120% of AMI which are in line with market rents
  • Land assemblage of 6 parcels totaling 60% of an acre
  • Equity & Debt Financing Available - e-mail to request detail info sheets
  • Sufficient parking reduction opportunities to achieve desired unit count

Executive Summary

Full block frontage land development site zoned for up to 107 units in Miami, FL & an Opportunity Zone. This site stands apart for its unparalleled corner location abutting Brownsville's 27th Ave and the Brownsville metro rail transit corridor, this unique configuration makes it easily developable. Three street frontages make multiple entries possible and vastly simplify internal circulations. Nearly perfectly square shape make an efficient and cost-saving building design easily attainable. Current MC-UCD zoning allows for 107 units by right, additionally, workforce housing density bonuses can be used if the project has workforce or affordable housing. Great site for developing under the 120% AMI 30 year SB-102 program.

Property Facts

Sale Type Investment Property Subtype Residential
Sale Condition Redevelopment Project Proposed Use
Commercial
  • Retail
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
No. Lots 1 Total Lot Size 0.60 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning MC-UCD - MC-UCD and up-zoned + Opportunity Zoned Land: See attached Rental & P&L Development models.
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 0.60 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning MC-UCD - MC-UCD and up-zoned + Opportunity Zoned Land: See attached Rental & P&L Development models.

1 Lot Available

Lot

Price $5,332,530 CAD Lot Size 0.60 AC
Price Per AC $8,887,549.66 CAD
Price $5,332,530 CAD
Price Per AC $8,887,549.66 CAD
Lot Size 0.60 AC

Develop up to 107 units close to all major employment centers of Miami with great transit connectivity. Build up to 10 stories and up to 107 units using a mix of market rate and workforce housing at 120% of AMI or Tax Credit: $37,000/door land cost.

Description

Develop 107 +/- units of multifamily on this Up-zoned & Opportunity Zoned Land assemblage of 26,136 SF (0.60 acres) offering a full block frontage on NW 27th Ave between NW 44th & 45th Streets near I-112 access in Miami-Dade County, FL, with over 33,000 vehicles per day. Ideal multi-family development site for up to 107 units in an up & coming area between I-112/ NW 36th Street and NW 54th Street with immediate access to public transportation between 2 metro station stops, highways, & local community resources. Zoned MCUCD and up-zoned for 107 units. Build up to 10 stories. Site has adequate access to water/sewer & electric. Property offers 2 curb-cuts on NW 27th Ave as well as one on NW 45th Street. See attached Proforma Rental and Profit & Loss Development Models based upon the benefits of entering all 107 units in a 30 year 120% of AMI affordable program under Florida SB-102 Live Local Act. Request Equity & Debt Financing available for review.

Links

Property Taxes

Parcel Numbers
Multiple
  • 30-3121-026-1210
  • 30-3121-026-0940
  • 30-3121-026-1230
  • 30-3121-026-0960
  • 30-3121-026-0950
  • 30-3121-026-0930
 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $664,247 CAD

Property Taxes

Parcel Numbers
Multiple
  • 30-3121-026-1210
  • 30-3121-026-0940
  • 30-3121-026-1230
  • 30-3121-026-0960
  • 30-3121-026-0950
  • 30-3121-026-0930
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$664,247 CAD
 

  • Listing ID: 26730511

  • Date on Market: 2022-09-28

  • Last Updated:

  • Address: 4440 NW 27th Ave, Miami, FL 33142

The Brownsville Land Property at 4440 NW 27th Ave, Miami, FL 33142 is currently available. Contact Douglas Elliman for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
4440 NW 27th Ave, Miami, FL for sale Building Photo- Image 1 of 12
60% of an acre of Land
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 2 of 12
Street to Street fronting NW 27th Ave
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 3 of 12
Full block from NW 44 to 45th Streets
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 4 of 12
Develop 107 Units
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 5 of 12
Ample parking reductions by right
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 6 of 12
Close to 2 metro stops
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 7 of 12
Easy access to I-112 E/W
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 8 of 12
Direct shot down to Gables & Grove
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 9 of 12
Easy Airport Access
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 10 of 12
Rare block-frontage assemblage
4440 NW 27th Ave, Miami, FL for sale Aerial- Image 11 of 12
Opportunity Zoned Land
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.