About this home

PRESENTING A 0.90-ACRE COVERED OPPORTUNITY WITH UNDERLYING INDUSTRIAL ZONING ALONG ALLAPATTAH'S ESTABLISHED NW 29TH STREET COMMERCIAL CORRIDOR. With flexible D1 industrial zoning in place, the offering consists of a multi-parcel assemblage totaling nearly a full acre, with various mixed-use structures from multi-family to retail that provide hold-over income while preserving long-term re-development upside. The existing improvements support a covered-land strategy for both developers and bullish land-bank investors alike. The property is supported by conceptual plans for a 12-story, 216-unit mixed-use Live Local development, illustrating the scale and density achievable through entitlement, and maximizing available strategies via the site's location in an opportunity zone with Live Local eligibility. Positioned just west of I-95 and covering nearly a full city block at the closest possible proximity to Wynwood, the site benefits from strong visibility, stable traffic exposure, and direct connectivity to Miami's urban core, making it well suited for entitlement-driven buyers seeking flexibility, scale, and multiple exit paths.

Property details

Price: $6,995,000
Bedrooms: 0
Bathrooms: 0
Lot size: 39,204 sqft
Type: Land
Days on market: 82
Est. property tax: $60,157/yr · $5,013/mo · 0.86% FL avg
Last sold: $685,000 · Oct 2015

Virtual tour

Estimated monthly payment

Down payment20% ($1,399,000)

Interest rate6.75%

Principal & Interest$36,296

Property Tax$6,412

Insurance$150

Total$42,858/mo

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Price history

▼ 9.2%Most recent change on 2026-03-18: $7,700,000 → $6,995,000.

$55K · Sep 94$7.00M · Mar 26

Mar 18, 2026$6,995,000Price change
Feb 3, 2026$7,700,000Initial list price
Oct 28, 2015$685,000Sold
Feb 4, 2015$138,900Sold
Jul 25, 2010$99,895Price change
Jul 2, 2010$99,895Initial list price
Sep 6, 1994$55,000Sold

Location

This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.

Location

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Home Intelligence

Neighborhood (zip 33127)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 36.0; 9% hold a bachelor's degree; median household income is $39,690.

Median income: $39,690
Median age: 36.0
Owner-occupied: 29.2%
Bachelor's degree: 9.2%
Census median home value: $346,000

Source: US Census Bureau American Community Survey 5-year estimates.