1027 NW 29th Street, Miami, FL 33127

Listing Snapshot

About This Home

Rare, fully-entitled development site on the fast-densifying western edge of Miami's Wynwood corridor. 1027 NW 29 Street is a ±10,687 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 ±13,500 SF corner — allowing a buyer to assemble ±24,187 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.

General Features

Property Type

ResidentialIncome

Sub-type

Duplex

Stories

1

Parking Spaces

8

Zoning

4801

Utilities

CableNotAvailable

Subdivision

SANTA CLARA SUB

Interior Features

Flooring

Tile

Heating

Central,SeparateMeters

Cooling

CentralAir

Exterior Features

Construction

Block,Frame,Stucco

Roof

Shingle

Pool

No

Waterfront

No

Community Features

MLS Area

2310

Schools

Map