176 NW 28th St - Commercial LAND FOR SALE


Miami, FL 33127- Wynwood489,353,040 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
489,353,040 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.
  • Entitlement Security in Place – Waiver Final Decision valid through January 2026 - Eliminating 12–24 months of entitlement risk.
  • Severe Supply Gap - Under 500 rooms in Wynwood vs 15M+ visitors annually. Significant Imbalance – Limited hotel supply against massive visitor demand.
  • 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

PCK Commercial, in collaboration with ownership, is proud to present an extraordinary opportunity to acquire a boutique hospitality development site at the epicenter of Miami’s Wynwood Arts District. The offering comprises a three-parcel assemblage totaling 11,234 SF with rare dual frontage on NW 27th and NW 28th Streets, positioned steps from Wynwood Walls — Miami’s most iconic cultural destination, drawing over 3 million visitors annually. The property benefits from a Waiver Final Decision valid through January 19, 2026, approving 48 lodging units and 12 dwelling units under an apartment-hotel designation. This entitlement framework provides immediate security and eliminates 12–24 months of entitlement risk, accelerating time-to-market and protecting investor IRR. Investors enjoy unique flexibility to Develop and operate under current approvals, or Pursue a conceptual 120-key lifestyle hospitality program, envisioning 48 hotel rooms + 72 STRs, curated food & beverage concepts, marketplace retail, and rooftop entertainment with pool and bar. In addition, a leading global lifestyle hospitality operator has prepared a proposal for this site, envisioning a flagship concept that aligns with Wynwood’s art, culture, and nightlife identity. This proposal offers prospective buyers the option to leverage an internationally recognized brand platform. Details can be shared with qualified investors under NDA. Strategically positioned, the site is primed to capture event-driven demand spikes during Art Basel, F1 Miami, Ultra, and Miami Open — periods when Wynwood hotels command ADRs well above citywide averages. With a delivered basis of $390K/key versus recent Wynwood trades exceeding $800K/key, the opportunity offers both downside protection and a compelling value creation spread. With virtually no remaining assemblages of this scale in Wynwood’s walkable core, this represents a once-in-a-generation opportunity to deliver a flagship hospitality asset directly adjacent to Wynwood Walls.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/ACRE

$801/AC

PRICE/SF

$0.018 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Entitled Hotel Site - Step to Wynwood Walls

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hospitality, Hotel

LAND ACRES

11234 AC

LAND SF

489,353,040 SF

OFFSITE IMPROVEMENTS

-

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

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