1027 NW 29th St, Miami FL 33127

Rare development opportunity in Miami’s fast-growing Wynwood corridor. Located in Santa Clara Sub, this 10,687-square-foot T4-O parcel is fully entitled for an eight-story mixed-use building with 50 residential units above ground-floor retail. The approved design by JCD Architect, Inc. includes a lobby and leasing area, bike amenities, and a landscaped rooftop featuring a signature mural.
The existing residential income property is a 1935 attached duplex with 1,165 square feet of living area, central air conditioning, and central heating. The property is located in Miami-Dade County and offers a compelling basis at $1,450,000, or approximately $29,000 per approved unit. The 120 percent AMI rent structure supports projected stabilized residential income of about $1.5 million annually.
T4-O zoning allows multifamily housing, townhomes, live/work spaces, retail, and other mixed-use concepts. The adjacent 4-plex at 2900 NW 10 Avenue is also available, creating the potential to assemble approximately 24,187 square feet and expand the project or add structured parking.
1027 NW 29th St, Miami FL 33127 is minutes from Wynwood, Midtown, the Design District, Edgewater, and Downtown Miami, with convenient I-95 access. Enjoy Miami’s year-round sunshine, beautiful beaches, vibrant dining, nightlife, arts, and strong urban infrastructure.
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