Miami, FL, 33127
$4,850,000
Prime redevelopment opportunity at 1031 NW 21st St - a strategically located warehouse in Allapattah amid a surge of institutional and private investment. The neighborhood is experiencing substantial mixed-use and workforce housing activity driven by the Live Local Act; recent multistory residential and mixed-use entitlements and large refinancing transactions demonstrate strong demand. Ideal for an owner-user, conversion to residential or a higher-density Live Local redevelopment, or a value-add repositioning play. Close to transit corridors and major development nodes - rare land play. Recent activity - Live Local entitlements, refinancing and institutional interest for workforce sites - are driving land values higher and widening exit options.
MLS #
A11869883
Status
Active
Property Type
Commercial Sale
Sub Type
Mixed Use
Year Built
1947
Days on Market
359
Pool
No
Waterfront
No
HOA Fee
None
Est. Insurance
$1,617/mo
Tax Amount
$48,400
Garage
—
Lot Size
—
Estimates based on area averages. Actual returns may vary. Consult a financial advisor.
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