2-Unit Commercial For Sale at 1027 nw 19 street in Miami

The Opportunity
1027 NW 29 Street is a rare, fully-entitled and site-plan-approved mid-rise development
site positioned on the fast-densifying western edge of Miami’s Wynwood corridor, in the
Allapattah–Wynwood transition. The approved design delivers an eight-story, mixed-use
building with 50 residential units over ground-floor retail, a lobby/leasing area, bike
amenity, and a landscaped rooftop with a signature mural — all designed by JCD Architect,
Inc.

Investment Highlights
Shovel-ready entitlements. Site-plan-approved 8-story program
Income-tested workforce program. Approved 120% AMI covenant
supports $1,506,336 in projected annual residential income.
Efficient, rentable mix. Studio-weighted plan (blended ~$4.91/SF/mo)
built for absorption and yield.
With entitlements secured, a buyer bypasses the most time-consuming and uncertain phase
of development and can move directly toward permitting and construction — a compelling
basis at $1,450,000, or approximately $29,000 per approved residential unit.
Location. Minutes to Wynwood, Midtown, the Design District