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98 NW 27th St - Wynwood 27th Street Development Opportunity 0.24 Acres of Commercial Land Offered at $5,900,000 in Miami, FL 33127
INVESTMENT HIGHLIGHTS
- Strong pedestrian traffic and long-term appreciation potential in Miami’s most dynamic submarket
- Surrounded by active developments by Related, Lennar, and Diesel Wynwood
- Supports multiple uses including residential, hospitality, office, and retail
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of a prime development site totaling 10,366 SF at the northeast corner of NW 27th Street and NW 1st Avenue in the heart of Wynwood. Located within the T5-O / Wynwood NRD-1 Overlay, the property offers an exceptional opportunity for a developer to capitalize on the district’s growing residential, hospitality, and creative office demand. The site benefits from favorable zoning that allows for up to 8 stories, or approximately 79,600 buildable square feet, with additional height potential under Florida’s Live Local Act. This location sits steps from Wynwood Walls, 28th Street, and North Miami Avenue corridors—anchored by major mixed-use, multifamily, and hotel projects by Related, Lennar, and Diesel Wynwood. Its combination of visibility, zoning flexibility, and surrounding momentum positions it as one of the few remaining developable sites in Wynwood capable of delivering a significant mixed-use program with strong long-term value creation potential.
PROPERTY FACTS
| Price | $5,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.24 AC |
| Property Type | Land | ||
| Zoning | T5-O - Wynwood NRD 1 - Redevelopment zone | ||
| Price | $5,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.24 AC |
| Zoning | T5-O - Wynwood NRD 1 - Redevelopment zone |
1 LOT AVAILABLE
Lot
| Price | $5,900,000 | Lot Size | 0.24 AC |
| Price Per AC | $24,795,333.43 |
| Price | $5,900,000 |
| Price Per AC | $24,795,333.43 |
| Lot Size | 0.24 AC |
Prime 10,366 SF corner development lot at NW 27th St and NW 1st Ave in Wynwood. Zoned T5-O within NRD-1, allowing mixed-use, residential, hotel, office, and retail. Supports up to 79,600 buildable SF with strong visibility and zoning flexibility.
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Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (86)
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98 NW 27th St - Wynwood 27th Street Development Opportunity
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