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

The Estupinan Group is pleased to offer a contiguous assemblage of three parcels totaling 0.91 acres (39,691 SF) in the Allapattah CRA. This site is primed for a high-density, transit-oriented development. The T6-8-O and D1 zoning, combined with a Live Local Act (LLA) override, allows for a conceptual plan of 220 multifamily units by-right, with no rezoning required. The proposed project is structured to qualify for a powerful stack of financial incentives, including: - 4% LIHTC - 30% QCT (Qualified Census Tract) basis boost - 85% ad valorem tax exemption - Potential for $12–$15 million in SAIL and surtax gap financing Situated on a hard corner, the property is in the heart of Miami's medical district, with immediate proximity to Jackson Memorial, the VA Hospital, Miami Children’s Hospital, public transit (including a future TOD station), and major employment centers. A conceptual development plan is available upon request. A complete developer package - including architectural renderings, detailed financial models (sources & uses, IRR), and an investor pitch book - is currently in production and will be available shortly. This is an ideal opportunity for LIHTC developers, affordable-housing syndicators, or CRA-aligned institutions. Contact us today for the executive summary and to register for the full package.

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

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

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 Notice.