Your email has been sent.
176 NW 28th St - Entitled 120-key Hotel Dev next Wynwood Walls 0.26 Acres of Commercial Land Offered at $9,000,000 in Miami, FL 33127
Investment Highlights
- Directly Adjacent to Wynwood Walls – Irreplaceable location steps from Miami’s #1 cultural landmark, attracting 3M+ annual visitors and driving global
- Parking waiver in place through 2029
- High Barriers to Entry – Strict NRD-1 overlay and limited land inventory make this a truly irreplaceable infill opportunity.
- Dual-Frontage Assemblage (11,234 SF) – Rare three-parcel site with branding, signage, and pedestrian exposure on both NW 27th and NW 28th Streets.
- New projects achieving asking prices ranging from approximately $900 to $1,400+ PSF
- Event-Driven Premiums – ADRs regularly spike above $500/night during Art Basel, F1 Miami, and Ultra, giving boutique hotels consistent upside.
Executive Summary
The approved waiver package demonstrates a development program of approximately 73,000 SF of gross building area across 8 stories plus rooftop amenities, supporting the potential for a lifestyle condo-hotel or hospitality residence project with short-term rental (STR) flexibility. This structure allows developers to monetize individual units while operating under a hotel-style management model.
The property is zoned NRD-1 and benefits from existing approvals and waivers, including a parking waiver in place through 2029, significantly reducing parking requirements and enabling higher-density hospitality development.
Wynwood continues to be one of Miami’s most supply-constrained hospitality submarkets, with fewer than 500 hotel rooms serving more than 15 million annual visitors. Recent hospitality and hospitality-residence developments in the neighborhood are currently achieving asking prices ranging from approximately $900 to $1,400+ PSF, demonstrating strong pricing support for condo-hotel product.
Positioned within the Wynwood Walls corridor, the site offers an exceptional opportunity to deliver a rooftop-driven lifestyle hotel or STR-friendly condo-hotel concept in the heart of one of Miami’s most dynamic cultural districts.
Waiver package demonstrating a ~73,000 SF, 8-story hospitality development supporting a ~120-key concept available upon request.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot 3
| Price | $9,000,000 | Lot Size | 0.26 AC |
| Price Per AC | $34,897,652.94 |
| Price | $9,000,000 |
| Price Per AC | $34,897,652.94 |
| Lot Size | 0.26 AC |
Three-parcel assemblage totaling 11,234 SF with dual frontage on NW 27th and NW 28th Streets Zoned NRD-1 and backed by approved waivers—including a parking waiver in place through 2029.
Description
Rare Wynwood condo-hotel development opportunity located steps from Wynwood Walls in the center of one of Miami’s most active pedestrian corridors. PCK Commercial presents a waiver-approved hospitality development site supporting a ~120-key concept, comprised of three parcels totaling ±11,234 SF with dual frontage on NW 27th Street and NW 28th Street. The approved waiver package demonstrates a development program of approximately 73,000 SF of gross building area across 8 stories plus rooftop amenities, supporting the potential for a lifestyle condo-hotel or hospitality residence project with short-term rental (STR) flexibility. This structure allows developers to monetize individual units while operating under a hotel-style management model. The property is zoned NRD-1 and benefits from existing approvals and waivers, including a parking waiver in place through 2029, significantly reducing parking requirements and enabling higher-density hospitality development. Wynwood continues to be one of Miami’s most supply-constrained hospitality submarkets, with fewer than 500 hotel rooms serving more than 15 million annual visitors. Recent hospitality and hospitality-residence developments in the neighborhood are currently achieving asking prices ranging from approximately $900 to $1,400+ PSF, demonstrating strong pricing support for condo-hotel product. Positioned within the Wynwood Walls corridor, the site offers an exceptional opportunity to deliver a rooftop-driven lifestyle hotel or STR-friendly condo-hotel concept in the heart of one of Miami’s most dynamic cultural districts. Waiver package demonstrating a ~73,000 SF, 8-story hospitality development supporting a ~120-key concept available upon request.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,674,091 |
Property Taxes
Presented by
176 NW 28th St - Entitled 120-key Hotel Dev next Wynwood Walls
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.