2189 NW 20th St - Commercial LAND FOR SALE


Miami, FL 33142- Allapattah39,692 SF
$11,000,000 USD
786-514-8046
2189 NW 20th St, Miami, FL for Sale
$11,000,000 USD
Commercial LAND - FOR SALE
1/15
39,692 SF

2189 NW 20th St
Miami, FL 33142
Allapattah


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.)

OVERVIEW

Estupinan Group is pleased to offer a contiguous assemblage of three parcels 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 fully engineered, conceptual 220-unit multifamily plan is included, qualifying for 4 % LIHTC, a 30 % QCT basis boost, and an 85 % ad valorem tax exemption, plus $12–15 million in SAIL and surtax gap financing. Situated on a hard corner with paved road access and immediate proximity to Jackson Memorial, the VA Hospital, Miami Children’s Hospital, public transit (including a future TOD station), and major employment centers, this assemblage delivers maximum density and transit-oriented potential. The sale includes complete site plans, structural and civil exhibits, a detailed financial model (sources & uses, cash flow, IRR, equity multiple) and an investor pitch book, making it ideal for LIHTC developers, affordable-housing syndicators or CRA-aligned institutions seeking workforce/mixed-income housing in a dynamic submarket.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/ACRE

$12,072,258/AC

PRICE/SF

$277 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Allapattah 3-Lot Assemblage - 220-Unit LLA/LI

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Apartment Units - Subsdzd

LAND ACRES

0.91 AC

LAND SF

39,691 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Streets, Curb/Gutter/Sidewalk

ZONING

T6-8-O, D1

APN/PARCEL ID

01-3134-020-0010,01-3134-020-0020,01-3134-020-0050

ASK ABOUT THIS PROPERTY

Madelin EstupinanEstupinan Group at First Service Realty ERAMore Info
786-514-8046

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Madelin EstupinanEstupinan Group at First Service Realty ERAMore Info
786-514-8046

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