Description

Permit ready before June 30th: Develop 49 units in 9-story apartment building West of Wynwood, blocks to the UM Hospital District in Miami, FL. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.

Address

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Address: 26 St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33127
Area: West of Wynwood

Details

Updated on January 27, 2026 at 10:17 pm

Property ID A11928327
Price $1,990,000
Land Area 0.115 Square Feet
Type Commercial
Property Status Commercial Land

Additional details

BuildingAreaUnits Square Feet
BuildingName West of Wynwood
ContractStatusChangeDate 2025-12-10
CurrentUse Unimproved Multi Family (5+Units)
DaysOnMarket 48
Directions Ask for due diligence files. See attached marketing brochure/ OM. Sign on property/drive by. One vacant lot only.
ExpirationDate 2026-06-30
FrontageLength 50
GrossScheduledIncome 1132000
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-582-2424
ListingTerms All Cash
LotFeatures City Location, Less Than 1 Acre
LotSizeDimensions 50x100
LotSizeSquareFeet 5000
MLSAreaMajor West Of Wynwood
MajorChangeTimestamp December 10, 2025 at 02:16pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp January 27, 2026 at 07:17pm
OnMarketDate 2025-12-10
OriginalEntryTimestamp December 10, 2025 at 02:16pm
OriginalListPrice 1990000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
Ownership Partnership
ParcelNumber 01-31-26-051-0745
PhotosChangeTimestamp December 10, 2025 at 02:21pm
PhotosCount 12
Possession Funding
PossibleUse Central Urban, Suburban
PostalCodePlus4 0000
PriceChangeTimestamp December 10, 2025 at 03:57am
PublicSurveyRange 31
PublicSurveySection 26
PublicSurveyTownship 31
RoadFrontageType City/County Maintained, Public Road
RoadResponsibility Public Maintained Road
RoadSurfaceType Paved
Sewer Public Sanitation
ShowingInstructions Go Directly, See Broker Remarks, Sign On Property
SignOnPropertyYN 1
SourceSystemKey 424150737
StateOrProvince FL
StatusChangeTimestamp December 10, 2025 at 02:16pm
StreetDirPrefix NW
StreetName 26 St
StreetNumber 1189
StreetNumberNumeric 1189
StructureType Commercial
SyndicationRemarks Permit ready before June 30th: Develop 49 units in 9-story apartment building West of Wynwood, blocks to the UM Hospital District in Miami, FL. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42, 000/door land cost.
TaxAnnualAmount 3326
TaxLegalDescription BON AIRE PB 7-12 LOT 25 BLK 4 LOT SIZE 5000 SQ FT M/L FAU 01 3126 051 0740
TaxYear 2025
Utilities Other Utilities Available, Other
Vegetation Other Ground Cover
WaterSource Municipal Water
Zoning 3901