Map of Property

For Sale: 15, 404 SF Development Site in East Allapattah

2899 NW 7th Ave, Miami, FL 33127

  • For Sale $4,499,000
  • Property Type Other
  • Lot Size 15,404 SF
  • Additional Rent Contact for pricing
  • Date Updated Sep 18, 2024

2899 NW 7 AVE presents a premier development opportunity, offering the potential for significantly higher density and substantial financial advantages through the Live Local program, coupled with the benefits of its location in an Opportunity Zone, providing significant tax incentives.

Colliers is pleased to offer 2899 NW 7 AVE, a prime 0.35-acre development site strategically located in East Allapattah, just steps from Wynwood and offering exceptional connectivity to three major highways as well as the Urban Core. Situated at the corner of 29th Street and 7th Avenue, this single-parcel property boasts T6-8-O zoning, allowing for the development of 53 buildable units (150 units per acre) and a range of commercial uses by right. The site’s eligibility under the Live Local program offers the potential to increase density to an impressive 1,000 units per acre, along with significant tax savings and favorable financing options. Additionally, its location within an Opportunity Zone provides further substantial tax benefits. Currently, the property is leased for approximately $150,000 per year with a flexible six-month termination clause, offering an immediate income stream while maintaining the flexibility to unlock the site’s full redevelopment potential.

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Contacts

broker

Virgilio Fernandez

broker

Mitash Kripalani

broker

Alain Crego

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    77/100 Very Bikeable
Powered by Walk Score ®
  • City Miami, FL
  • Neighborhood Allapattah
  • Zip Code 33127
  • Market Miami

Points of Interest

  • Santa Clara

    0.73 miles

  • School Board

    1.29 miles

  • Adrienne Arsht Center

    1.52 miles

  • Wilkie D. Ferguson, Jr.

    1.84 miles

  • Freedom Tower

    1.88 miles

  • College North

    1.92 miles

  • Miami Avenue

    2.23 miles

  • Third Street

    2.32 miles

  • Fifth Street

    2.53 miles

  • Eighth Street

    2.68 miles

  • ChargePoint Charging Station

    0.64 miles

  • Marathon

    0.80 miles

  • Tesla Supercharger

    1.09 miles

  • Shell

    1.18 miles

  • BP

    1.19 miles

  • Shell

    1.26 miles

  • Biscayne Gas

    1.99 miles

  • Valero

    2.06 miles

  • Chevron

    2.22 miles

  • Sunflex

    2.23 miles

  • North Parking Garage

    0.74 miles

  • Highland Professional Building

    0.75 miles

  • Baskon Palmer Private Parking

    0.80 miles

  • Park Plaza East

    0.81 miles

  • CITY VIEW GARAGE

    1.00 miles

  • Park Plaza West

    1.01 miles

  • Museum Garage

    1.10 miles

  • Dominion Tower Parking Garage

    1.10 miles

  • PALM COURT GARAGE

    1.12 miles

  • Cedars Parking

    1.19 miles

  • Hyde Midtown Miami

    1.00 miles

  • Hampton Inn & Suites Miami Midtown

    1.13 miles

  • AC Hotel by Marriott Miami Midtown

    1.13 miles

  • SpringHill Suites by Marriott Miami Downtown/Medical Center

    1.15 miles

  • SpringHill Suites

    1.16 miles

  • Wishes Biscayne Motel

    1.16 miles

  • Dunns-Josephine Hotel

    1.40 miles

  • Mare Azur Design District Luxury Apartments

    1.43 miles

  • Hilton Miami Downtown

    1.44 miles

  • Opera Suites & Marina

    1.45 miles

  • Love Life Café

    0.26 miles

  • Serendipity

    0.32 miles

  • The Taco Stand

    0.39 miles

  • DOYA

    0.42 miles

  • Wynwood Smoke and Lounge

    0.43 miles

  • Le Chick Miami

    0.47 miles

  • Jugofresh

    0.47 miles

  • Bakan Wynwood

    0.50 miles

  • Wynwood Kitchen & Bar

    0.50 miles

  • GK Bistronomie

    0.51 miles

  • Jose de Diego Middle School

    0.24 miles

  • Heritage School

    0.26 miles

  • Corpus Christi School

    0.28 miles

  • Santa Clara School

    0.35 miles

  • Eneida Masses Hartner Elementary School

    0.37 miles

  • Palm Springs Presbyterian Kindergarten

    0.39 miles

  • ABC Day Care Center

    0.51 miles

  • Young Men's Preparatory Academy

    0.54 miles

  • Dunbar School

    0.58 miles

  • District Instructional Center O

    0.58 miles

  • Moore Park Day Care Center

    0.49 miles

  • Lindsey Hopkins Child Care Center

    0.58 miles

  • Marks Day Care Center

    0.59 miles

  • Deas Day Care Center

    0.59 miles

  • Saint Agnes Rainbow Village Family Development Center

    0.67 miles

  • Rainbow Village Family Development Center

    0.68 miles

  • Saint Agnes Day Care Center

    0.80 miles

  • Town Park Day Care Center

    0.83 miles

  • Ball of Fire Paradise Day Care Center

    0.91 miles

  • Elizabeth E Curtis Child Care Center

    0.98 miles

Frequently Asked Questions

How much does For Sale: 15, 404 SF Development Site in East Allapattah cost?

The space currently listed for sale at For Sale: 15, 404 SF Development Site in East Allapattah asks for $4,499,000.

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Contact For Sale: 15, 404 SF Development Site in East Allapattah