
Rare, fully-entitled development site on the fast-densifying western edge of Miamis Wynwood corridor. 1027 NW 29 Street is a Ʊ10,687 SF T4-O parcel that is site-plan approved for an eight-story, mixed-use building with 50 residential units over ground-floor retail ? designed by JCD Architect, Inc. with a lobby/leasing area, bike amenity, and a landscaped rooftop with a signature mural. With entitlements already secured, a buyer skips the longest and most uncertain phase of development and mov...Rare, fully-entitled development site on the fast-densifying western edge of Miamis Wynwood corridor. 1027 NW 29 Street is a Ʊ10,687 SF T4-O parcel that is site-plan approved for an eight-story, mixed-use building with 50 residential units over ground-floor retail ? designed by JCD Architect, Inc. with a lobby/leasing area, bike amenity, and a landscaped rooftop with a signature mural. With entitlements already secured, a buyer skips the longest and most uncertain phase of development and moves directly toward permitting and construction ? a compelling basis at $1,450,000, roughly $29,000 per approved unit. The approved 120% AMI rent structure supports projected stabilized residential income of approximately $1.5M per year, and T4-O zoning allows a wide range of uses including multifamily, townhomes, live/work, retail, and mixed-use. Major upside: the adjacent lot at 2900 NW 10 Avenue is also for sale ? an income-producing 4-plex on a Ʊ13,500 SF corner ? allowing a buyer to assemble Ʊ24,187 SF and either phase two projects or combine the parcels to expand the development and add structured parking. Minutes to Wynwood, Midtown, the Design District, Edgewater, and Downtown Miami, with direct I-95 access.
View MoreCourtesy of
Agency Name: Fausto Commercial Realty Consultants Inc
Agent Name: Miguel Fuentes
Agency Phone: 3059153492
Presented by
Agency Title: The Keyes Company
Agency Phone:
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1027 NW 29th St , Miami, FL 33127.
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