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2189 NW 20th St
Miami, FL 33142 Allapattah

$11,000,000 USD

Land For Sale  •  0.91 AC

Property Details

  • Property Type Land
  • Lot Size 0.91 AC
  • Zoning T6-8-O, D1
49 Transit Score
84 Walk Score

Description

We are pleased to offer a turnkey, contiguous three-parcel assemblage totaling 0.91 acres (39,691 SF) in the Allapattah CRA, zoned T6-8-O and D1 with a Live Local Act override-no rezoning required. A conceptual 220-unit mid-rise multifamily plan is included, qualifying for 4% LIHTC with a QCT basis boost and a substantial ad valorem tax abatement, plus $12–15 million of SAIL/surtax gap financing to cover impact fees and entitlement costs. Located on a hard corner with paved frontage along NW 20th St. and NW 1st Ave., the site is steps from Jackson Memorial, the VA Hospital, Miami Children’s Hospital, multiple bus routes, and a planned TOD station, with I-95, Wynwood, Midtown, and Brickell minutes away. Buyer to fund entitlement, permitting, and soft-cost expenses; seller will fully cooperate. All information is deemed reliable but not guaranteed; prospects should verify independently.

Highlights

Zoned T6-8-O & D1 with LLA override (no rezoning)
4 % LIHTC allocation + QCT basis boost
Significant ad valorem tax abatement
Conceptual 220-unit mid-rise multifamily plan included
Hard-corner site w/ dual frontage (NW 20th St. & NW 1st Ave.)

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 2 min - 1.1 mi
Civic Center (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover), REGULAR METRORAIL SERVICE - Miami-Dade Transit (Metrorail/Metromover)) 3 min - 1.4 mi
AirportDriveWalkDistance
Miami International 18 min - 7.2 mi
Fort Lauderdale/Hollywood International 33 min - 23.0 mi
Madelin Estupinan 786-514-8046 Estupinan Group at First Service Realty ERA
Madelin Estupinan 786-514-8046 Estupinan Group at First Service Realty ERA