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2189 NW 20th St - Allapattah 3-Lot Assemblage 0.91 Acres of Commercial Land Offered at $11,000,000 in Miami, FL 33142
Investment Highlights
- Corner assemblage totaling ~0.91 acres with rare triple frontage on NW 20th St, NW 22nd Ave, and NW 21st St for superior design flexibility.
- Transit-oriented corridor makes the site eligible for a 30% reduction in required parking via application, lowering hard construction costs.
- In-place income for Covered Land Play
- Live Local Act override allows for a massive 315,117 SF buildable envelope (36.0 FLR) and an unrivaled density of 1,000 units per acre.
- Prime strategic location bridges the gap between the Allapattah CRA and the Health District’s massive employment and medical hubs.
Executive Summary
The offering includes conceptual 12-story mixed-use plans featuring ground-floor retail and high-density residential units, providing an institutional-scale foundation for development. By leveraging state-level zoning bonuses and verified density metrics, this assemblage allows for a highest and best use execution that far exceeds traditional local zoning constraints. Comprehensive zoning analyses, income details, and architectural studies are available to qualified buyers upon request.
Property Facts
1 Lot Available
Lot
| Price | $11,000,000 | Lot Size | 0.91 AC |
| Price Per AC | $12,072,257.95 |
| Price | $11,000,000 |
| Price Per AC | $12,072,257.95 |
| Lot Size | 0.91 AC |
0.91 AC Allapattah Assemblage. Live Local Act: 315K+ SF Envelope & 1,000 U/AC. Rare triple frontage. Eligible for 30% Parking Waiver. In-place income for Covered Land Play.
Description
This 0.91-acre Allapattah assemblage offers a premier urban infill opportunity with rare triple frontage along NW 20th St, NW 22nd Ave, and NW 21st St. Strategically located minutes from the Miami Health District and Downtown, the site functions as a Covered Land Play with existing in-place income. This cash flow provides a vital hedge against carrying costs (including property taxes and insurance) during the entitlement phase, allowing a developer to hold the asset with reduced overhead while finalizing site plans. Positioned within a high-growth CRA, the property is designed to capture intense demand for workforce housing near major employment hubs like Jackson Memorial Hospital and the VA Medical Center. This is a conceptually de-risked site where the technical feasibility and density potential have already been established through comprehensive zoning and massing studies, providing a superior entry point into one of Miami’s most active redevelopment corridors.
Property Taxes
| Parcel Numbers | Improvements Assessment | $200,000 | |
| Land Assessment | $1,400,000 | Total Assessment | $3,763,029 |
Property Taxes
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2189 NW 20th St - Allapattah 3-Lot Assemblage
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