Located in a designated Opportunity Zone in the heart of Allapattah, this property presents a rare redevelopment opportunity in one of Miami’s fastest-transforming neighborhoods. The site offers exceptional visibility with over 250 linear feet of frontage along NW 22 Avenue and strong connectivity to key Miami hubs, including the Health District, River Landing, and Wynwood.
Allapattah is undergoing significant transformation, anchored by cultural institutions like the Rubell Museum and high-profile mixed-use developments, attracting both national attention and private investment. This site is currently occupied and leased, providing immediate income along with additional revenue from truck parking.
Property Highlights:
Land Size: ±65,000 SF (˜1.49 acres)
Existing Improvements: ±16,880 SF industrial building + truck parking
Zoning: D1 – Industrial/Workplace (Miami 21), allowing industrial, flex, and commercial uses
Residential Potential: Eligible under the Live Local Act (SB 102) for multifamily development on commercial/industrial parcels with density and parking incentives
Frontage: ±250 linear feet on NW 22 Avenue
Location Advantages:
Allapattah Transformation: Rapid neighborhood revitalization with new cultural, retail, and residential projects
Proximity to Health District: Steps from Jackson Memorial Hospital, University of Miami Medical Campus, and the River Landing 2M SF mixed-use hub
Growing Residential Demand: Recent multifamily deliveries along NW 22 Avenue have shown strong absorption rates
Logistics Corridor: Near NW 20th Street wholesale district, ideal for last-mile distribution, cold storage, or creative production uses
Live Local Act (LLA) Eligibility:
Qualifying Zone: D1 (Industrial/Workplace) qualifies for the Live Local Act
Affordability Requirements: At least 40% of total units must be rental and affordable at =120% AMI for a minimum of 30 years; for mixed-use projects, at least 65% of total building SF must be residential
Development Potential: Approximately 300 units, with potential parking reductions of 15–20%
This property represents a rare opportunity to acquire a large, well-located site in an evolving neighborhood with strong redevelopment potential. Its combination of existing income, industrial flexibility, and eligibility for multifamily under the Live Local Act makes it ideal for developers seeking to capitalize on Miami’s Allapattah transformation.
Michelle Gonzalez
Floridian First Realty