176 NW 28th St - Commercial LAND FOR SALE


Miami, FL 33127- Wynwood11,234 SF
$9,000,000 USD
305-450-9133
176 NW 28th St, Miami, FL for Sale
$9,000,000 USD
Commercial LAND - FOR SALE
1/7
11,234 SF

176 NW 28th St
Miami, FL 33127
Wynwood


HIGHLIGHTS

  • Directly Adjacent to Wynwood Walls – Irreplaceable location steps from Miami’s #1 cultural landmark, attracting 3M+ annual visitors and driving global
  • Dual-Frontage Assemblage (11,234 SF) – Rare three-parcel site with branding, signage, and pedestrian exposure on both NW 27th and NW 28th Streets.
  • Parking waiver in place through 2029
  • New projects achieving asking prices ranging from approximately $900 to $1,400+ PSF
  • High Barriers to Entry – Strict NRD-1 overlay and limited land inventory make this a truly irreplaceable infill opportunity.
  • Event-Driven Premiums – ADRs regularly spike above $500/night during Art Basel, F1 Miami, and Ultra, giving boutique hotels consistent upside.

OVERVIEW

Rare Wynwood condo-hotel development opportunity located steps from Wynwood Walls in the center of one of Miami’s most active pedestrian corridors. Compass Commercial presents a waiver-approved hospitality development site supporting a ~120-key concept, comprised of three parcels totaling ±11,234 SF with dual frontage on NW 27th Street and NW 28th Street. The approved waiver package demonstrates a development program of approximately 73,000 SF of gross building area across 8 stories plus rooftop amenities, supporting the potential for a lifestyle condo-hotel or hospitality residence project with short-term rental (STR) flexibility. This structure allows developers to monetize individual units while operating under a hotel-style management model. The property is zoned NRD-1 and benefits from existing approvals and waivers, including a parking waiver in place through 2029, significantly reducing parking requirements and enabling higher-density hospitality development. Wynwood continues to be one of Miami’s most supply-constrained hospitality submarkets, with fewer than 500 hotel rooms serving more than 15 million annual visitors. Recent hospitality and hospitality-residence developments in the neighborhood are currently achieving asking prices ranging from approximately $900 to $1,400+ PSF, demonstrating strong pricing support for condo-hotel product. Positioned within the Wynwood Walls corridor, the site offers an exceptional opportunity to deliver a rooftop-driven lifestyle hotel or STR-friendly condo-hotel concept in the heart of one of Miami’s most dynamic cultural districts. Waiver package demonstrating a ~73,000 SF, 8-story hospitality development supporting a ~120-key concept available upon request.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/ACRE

$34,897,654/AC

PRICE/SF

$801 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Entitled 120-key Hotel Dev next Wynwood Walls

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hospitality, Hotel

LAND ACRES

0.26 AC

LAND SF

11,234 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Cable, Telephone

ZONING

T5-O / Wynwood NRD-1 Over

APN/PARCEL ID

01-3125-029-0500,01-3125-029-0550,01-3125-029-0560

ASK ABOUT THIS PROPERTY

305-450-9133

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305-450-9133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.