Contacts

Virgilio Fernandez

Mitash Kripalani

Alain Crego

Property Details

Property Type Other
Lot Size 15,404 SF
Additional Rent Contact for pricing
Date Updated Dec 17, 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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Getting around

88/100
Walk Score ®
57/100
Transit Score ®
77/100
Bike Score ®

Powered by Walk Score ®

Location

City Miami, FL
Neighborhood Allapattah
Zip Code 33127
Market Miami

Points of Interest

MiamiCentral

1.91 miles
Brickell City Centre

2.69 miles
Miami Airport

3.21 miles
Hialeah Market

3.27 miles
Miami Intermodal Center

3.28 miles
MIA Station

4.39 miles
Miami

4.50 miles
Gates E2-E11

4.56 miles
4

4.80 miles
Gates E20-E35

4.81 miles

ChargePoint Charging Station

0.64 miles
Marathon

0.80 miles
Tesla Supercharger

1.09 miles
Shell

1.19 miles
BP

1.19 miles
Valero

1.87 miles
Westar

2.21 miles
Chevron

2.22 miles
Sunflex

2.24 miles
ChargePoint

6.39 miles

North Parking Garage

0.75 miles
Highland Professional Building

0.76 miles
Baskon Palmer Private Parking

0.81 miles
Park Plaza East

0.82 miles
CITY VIEW GARAGE

0.99 miles
Park Plaza West

1.02 miles
Museum Garage

1.09 miles
Dominion Tower Parking Garage

1.10 miles
PALM COURT GARAGE

1.12 miles
Cedars Parking

1.20 miles

Hyde Midtown Miami

1.00 miles
Hampton Inn & Suites Miami Midtown

1.13 miles
AC Hotel by Marriott Miami Midtown

1.13 miles
Wishes Biscayne Motel

1.16 miles
SpringHill Suites Miami Downtown/Medical Center

1.16 miles
SpringHill Suites

1.16 miles
Dunns-Josephine Hotel

1.40 miles
Mare Azur Design District Luxury Apartments

1.42 miles
Hilton Miami Downtown

1.44 miles
Opera Suites & Marina

1.45 miles

Ross

0.88 miles
Trader Joe's

0.93 miles
Target

0.94 miles
Marshalls

0.94 miles
Miami Design District

1.12 miles
Price Choice

1.22 miles
Winn-Dixie

1.31 miles
Publix

1.32 miles
Upper Buena Vista

1.58 miles
Sabal Palm Shopping Center

1.74 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.