Exceptional value-add multifamily investment opportunity in the heart of Miami’s rapidly evolving Allapattah submarket. This 1-acre property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami’s most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33142
- Street:
- 1915 Nw 28th St, Miami, Florida 33142
- Longitude:
- W81° 46' 17.3''
- Latitude:
- N25° 48' 8.4''
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- LotSize Dimensions:
- 315x140
- Parcel Number:
- 01-31-27-066-0040
- Tax Annual Amount:
- $38,962
- Utilities
Land For Sale
1915 Nw 28th St, Miami, Florida 33142, Miami, Florida 33142
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $7,000,000
- Lot Area :
- 43,644 Sqft
- MLS # :
- A12050845
- Property Sub Type :
- Multi Family
