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320 NW 29th St - Wynwood Prime lot on 29th St 0.16 Acres of Commercial Land Offered at $3,495,000 in Miami, FL 33127
Investment Highlights
- 7,000 SF vacant development site. Approximately 140' x 50' lot dimensions.
- T6-8-O zoning supports a variety of commercial and mixed-use uses.
- Surrounded by numerous new development projects and capital investment.
- Frontage on highly visible four-lane NW 29th Street.
- Ideal for office, retail, restaurant, hospitality, or mixed-use development.
- Potential eligibility for Live Local Act and SB101 development incentives.
Executive Summary
Property Facts
| Price | $3,495,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land | ||
| Zoning | T6-8-O - 150 units per acre - by right of use. | ||
| Price | $3,495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| Zoning | T6-8-O - 150 units per acre - by right of use. |
1 Lot Available
Lot
| Price | $3,495,000 | Lot Size | 0.16 AC |
| Price Per AC | $21,748,599.88 |
| Price | $3,495,000 |
| Price Per AC | $21,748,599.88 |
| Lot Size | 0.16 AC |
Lot size 140' X 50' on 4 lane NW 29th Street. Located in Miami's vibrant Wynwood neighborhood, this 7,000 square foot vacant lot on NW 29th Street provides an exceptional opportunity for commercial development. Zomihg is T68-O
Description
320 NW 29th Street offers a development opportunity in the heart of Miami's Wynwood neighborhood, one of South Florida's most active and rapidly evolving urban districts. The property consists of a vacant 7,000-square-foot development site with approximately 140 feet of frontage and 50 feet of depth along NW 29th Street, a prominent four-lane corridor connecting Wynwood to Midtown, the Design District, and Downtown Miami. Zoned T6-8-O, the site provides flexibility for a variety of commercial and mixed-use development concepts, including office, retail, restaurant, hospitality, residential-over-retail, and creative commercial projects. The property's strategic location is surrounded by recently completed and planned developments, reflecting the continued transformation and investment occurring throughout the Wynwood area. The site benefits from exceptional walkability and connectivity to Wynwood's renowned collection of galleries, restaurants, retail destinations, entertainment venues, and creative office users. Its proximity to The Dorsey residential development further strengthens the property's appeal by providing an established and growing local customer base. Adding to its development potential, the property may qualify for benefits under Florida's Live Local Act and Miami's SB101-related development incentives, potentially allowing for increased density and enhanced project economics. For developers, investors, and owner-users seeking a highly visible site in one of Miami's most desirable urban neighborhoods, 320 NW 29th Street presents a compelling opportunity.
Property Taxes
| Parcel Number | 01-3125-024-2820 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $461,342 |
Property Taxes
