Allapattah Development Opportunity, with outstanding T68-0 Mixed-Use zoning, which allows by right to build 8 stories 150/ units/acre. The 14,000sf parcel, with 1,670sf building with secured parking can be easily assembled with adjacent parcels with similar commercial applications is located on thriving high-traffic NW 36th St (US 27) corridor near the hottest and up-and-coming market in South Florida – Wynwood famously known for it trendy and artsy vibe. And located under a 5 min drive to Midtown Shops and Miami Design District known for its sleek modern architecture, upscale interior design stores and art galleries. In recent years the area has been transforming with commercial development, such as retail stores, boutique hotels, storage facilities, modern offices, and trendy residential apartments. Additionally, Ideally tailored for Retail, Offices, Wholesale, Distribution, Import/Export, Air & Sea Freight Companies. The also permits for other industrial uses such as tow yards, commercial truck and equipment parking, etc. The Allapattah submarket has strong population growth and mixed workforce demographics. Site is centrally located just 5 minutes from major Downtown Miami, Brickell, Health District, Civic Center, Wynwood, Coral Gables, Airport, Seaport, and major seaports.
Submarket Highlights:
The City of Miami’ s Planning, Zoning, and Appeals Board, recently approved a slate of changes to zoning and land use designations that would allow denser residential developments.
Opportunity Zone – Allows investors who develop in any of the 8,700 zones in the country to defer or potentially forgo paying capital gains tax until the end of 2026.
Other developers who are active in Allapattah include Lissette Calderon, Robert Wennett and Moishe Mana.