Develop 49 units in a proposed 9-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Plans are in process and are on the 2nd round of submission with the City of Miami. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.
Property Details
Price:
$1,990,000
MLS #:
A11928327
Status:
Active
Beds:
0
Baths:
0
Address:
1189 NW 26 St
Type:
Single Family
Subtype:
Commercial
Subdivision:
West of Wynwood
Neighborhood:
westofwynwood
City:
Miami
Listed Date:
Dec 10, 2025
State:
FL
ZIP:
33127
Lot Size:
5,000 sqft / 0.12 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2025
Taxes
$3,326
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