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NW 27th Ave & NW 123rd St - OPPORTUNITY ZONE - Westview Land 1.83 Acres of Residential Land Offered at $5,200,000 in Miami, FL 33167
Investment Highlights
- 1.8-acre land parcel fully approved for 195 apartments, with alternate plans supporting 136 units
- Full architectural and engineering drawings completed and ready for immediate permit submittal
- Ideal for workforce or affordable housing
- Utilities available at the property line, supported by recent municipal sewer upgrades
- Strong proximity to schools, grocery stores, healthcare, and major transit corridors
Executive Summary
Apartments at Westview is a 1.8-acre development site located at the northeast corner of NW 123rd street and NW 27th Avenue in unincorporated Miami-Dade County with convenient access to Interstate 95, the Florida Turnpike, and SR 441. The property is fully approved for a 195-unit, 12-story multifamily development, with an alternate plan for 137 units in an 8-story configuration. Apartments at Westview sits within a federally designated Qualified Opportunity Zone and benefits from strong visibility along a major transit corridor, well suited for affordable or workforce housing. Utilities are in place and a full set of architectural, civil, and construction drawings has been completed, positioning the project for immediate permit submittal and making it well-suited for LIHTC financing or alternative Affordable Housing funding programs.
Property Facts
1 Lot Available
Lot
| Price | $5,200,000 | Lot Size | 1.83 AC |
| Price Per AC | $2,846,351.74 |
| Price | $5,200,000 |
| Price Per AC | $2,846,351.74 |
| Lot Size | 1.83 AC |
Description
The property benefits from a recently completed county sewer expansion, with utility connection directly adjacent to the property. Included in the offering are complete architectural, civil, and construction drawings that are fully coordinated and ready for immediate permit submittal. Additionally, the site is located within an “Urban Center” under its NCUAD Zoning Designation, a classification that aligns with priority criteria for FHFC funding.
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Property Taxes
| Parcel Number | 30-2127-025-0011 | Improvements Assessment | $8,512 |
| Land Assessment | $1,193,700 | Total Assessment | $1,202,212 |
Property Taxes
Parcel Number
30-2127-025-0011
Land Assessment
$1,193,700
Improvements Assessment
$8,512
Total Assessment
$1,202,212
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NW 27th Ave & NW 123rd St - OPPORTUNITY ZONE - Westview Land
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