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Investment Highlights
- Flexible D2 zoning supports a variety of future development scenarios.
- Current Income: $13,000 per month in place income
- Positioned within Eastern Allapattah's active redevelopment corridor.
- DOT Traffic count 20,000 + vehicles daily
- Signalized corner location at the western gateway to Wynwood.
- Potential opportunity for future assemblage with nearby properties.
Executive Summary
2899 NW 7th Ave presents a compelling opportunity to acquire a highly visible commercial asset at the western gateway to Wynwood, one of Miami's most active urban growth corridors. Situated on a hard signalized corner in Eastern Allapattah, the property benefits from exceptional exposure along a heavily traveled thoroughfare and occupies a strategic position between established employment centers, creative districts, and emerging mixed-use development activity.
The property's flexible D2 zoning creates a wide range of potential future uses, allowing investors and developers to capitalize on evolving market demand while maintaining long-term optionality. Eastern Allapattah has experienced significant investment activity in recent years, fueled by institutional and private capital targeting the area's proximity to Wynwood, the Health District, Downtown Miami, and major transportation corridors. The neighborhood's continued transformation has attracted notable investors and developers including Moishe Mana, Robert Wennett, Jorge Pérez, and The Rubell Family, helping reinforce the area's redevelopment trajectory.
As a standalone acquisition, the asset offers meaningful value through its visibility, accessibility, and redevelopment potential. Its corner positioning enhances identity and access while placing the site in the direct path of ongoing neighborhood investment. In addition, the property's location may support future assemblage opportunities with nearby and contiguous parcels, creating the potential for larger-scale redevelopment strategies as the surrounding district continues to mature.
For investors seeking a strategically located Miami asset with zoning flexibility, strong visibility, and exposure to one of the city's most active redevelopment corridors, 2899 NW 7th Ave represents a rare opportunity to participate in the continued evolution of Eastern Allapattah and Wynwood's western expansion.
The property's flexible D2 zoning creates a wide range of potential future uses, allowing investors and developers to capitalize on evolving market demand while maintaining long-term optionality. Eastern Allapattah has experienced significant investment activity in recent years, fueled by institutional and private capital targeting the area's proximity to Wynwood, the Health District, Downtown Miami, and major transportation corridors. The neighborhood's continued transformation has attracted notable investors and developers including Moishe Mana, Robert Wennett, Jorge Pérez, and The Rubell Family, helping reinforce the area's redevelopment trajectory.
As a standalone acquisition, the asset offers meaningful value through its visibility, accessibility, and redevelopment potential. Its corner positioning enhances identity and access while placing the site in the direct path of ongoing neighborhood investment. In addition, the property's location may support future assemblage opportunities with nearby and contiguous parcels, creating the potential for larger-scale redevelopment strategies as the surrounding district continues to mature.
For investors seeking a strategically located Miami asset with zoning flexibility, strong visibility, and exposure to one of the city's most active redevelopment corridors, 2899 NW 7th Ave represents a rare opportunity to participate in the continued evolution of Eastern Allapattah and Wynwood's western expansion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
991 SF
Building Class
C
Year Built
1971
Price
$4,850,000
Price Per SF
$4,894.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
D2 - d-2 zoning
36 units p acre. Mixed use development up to +- 105,000 ft on 8 stories
Parking
10 Spaces (10.09 Spaces per 1,000 SF Leased)
Frontage
90’ on NW 7th Ave
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3125-024-2450 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,220,649 |
Property Taxes
Parcel Number
01-3125-024-2450
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,220,649
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