2919 NW 8th Ave - Apartments FOR SALE


Miami, FL 33127- Allapattah
$1,395,000 USD
609-226-6390
2919 NW 8th Ave, Miami, FL for Sale
$1,395,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

2919 NW 8th Ave
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • Liberal Industrial Zoning: Underlying D1 industrial zoning supports a broad range of high-demand uses including warehousing, flex, office and more
  • Multi-Exit Optionality: Opportunity Zone-located and Live Local Eligible, the site offers multiple paths to revenue generation
  • Covered Land Infill Advantage: Secure a key piece of the puzzle in an emerging market
  • Strategic Peripheral-Core Location: Situated at the nearest block west of the Wynwood and I-95 with direct access to major employment & transportation
  • Assemblage Opportunity: Rare opportunity for majority control of critical city block with additional 0.90-acre assemblage available

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PRESENTS A CORNER INFILL OPPORTUNITY WITH UNDERLYING INDUSTRIAL ZONING ALONG ALLAPATTAH’S ESTABLISHED NW 29TH STREET COMMERCIAL CORRIDOR. Offering total use optionality thanks to its highly sought-after D1 zoning, this asset sports an existing fourplex covered component providing near-term income while preserving long-term upside. The liberal D1 industrial/commercial underlying zoning allows for exceptional flexibility for uses like warehouse, storage, and automotive in addition to traditional retail/office, appealing to investors, users, and future redevelopment strategies alike. Positioned just West of I-95 at the corner of the nearest full-block to Wynwood, the site benefits from strong visibility, stable traffic counts, and direct connectivity to major transportation routes & surrounding peripheral core neighborhoods. As demand for well-located and accessibly-sized industrial infill opportunities continues to intensify, this offering presents a compelling opportunity to secure a winning position, multi-exit asset in one of Miami’s most resilient submarkets.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

4

PRICE/UNIT

$348,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Allapattah Corner Covered Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

D1

APN/PARCEL ID

01-3126-009-0470

ASK ABOUT THIS PROPERTY

Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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