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.
  • Entitlement Security in Place – Waiver Final Decision in hand
  • 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, presents a 120-key lifestyle hospitality development opportunity in the heart of Miami’s Wynwood Arts District. The 11,234 SF, three-parcel assemblage offers rare dual frontage on NW 27th & NW 28th Streets, just steps from Wynwood Walls, which draws 3M+ visitors annually. The envisioned program delivers a full lifestyle hotel, featuring immersive food & beverage, market hall–style retail, and an activated rooftop pool and bar, aligning with Wynwood’s globally recognized culture, art, and nightlife identity. A global lifestyle hospitality operator has prepared a flagship brand proposal for the site, offering qualified investors access to an international branding and management platform under NDA. With Wynwood hotels achieving market-leading ADRs, especially during Art Basel, F1, Ultra, and other major events—and with recent hospitality trades exceeding $800K/key—the site offers a compelling basis advantage and a significant value-creation margin.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/ACRE

$34,897,632/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.