120 Key Hotel Development | Wynwood

For Sale

175 Northwest 27th Street, Miami, FL 33127

This Miami property for sale is located at 175 Northwest 27th Street. The current listed sale price for 120 Key Hotel Development | Wynwood is $4,750,000. 120 Key Hotel Development | Wynwood is situated on a lot that is 0.13 acre in size.

Contacts

broker

Fabio Faerman, CCIM

FA Commercial

Property Details

  • Property Type VacantLand
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 11, 2024
Wynwood is a neighborhood in Miami, Florida. Wynwood is known for being an entertainment district, with artwork, restaurants, breweries, clothing stores, and dance venues, among other retail options. Formerly an industrial district, the area is now known for the murals that cover the walls of many of the buildings and many of the sidewalks. It is north of Downtown Miami and Overtown, and adjacent to Edgewater. Wynwood has two major sub-districts, the Wynwood Art District in northern Wynwood, and the Wynwood Fashion District along West 5th Avenue.FA Commercial is pleased to present this land investment opportunity to develop a premium mixed-used building with a hotel and retail in the heart of Miami’s Wynwood Art District, located at the “hottest” street. LOI with Krymwood Hotel for a 120 hotel rooms. Commencing on the Opening Date, an amount equal to $16,750 multiplied by the actual number 120 guest rooms = $2M a Year for 20 Year and will be corporate guarantee by the holding company.

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Highlights

  • Miami 21 for up tp 30% parking reduction for properties located within a 1/2 mile of a TOD or 1/4 mile of a transit corridor
  • The site provides developers with the potential to develop residential, commercial, or hospitality driven projects
  • Currently, the site allows for the development of up to 8 stories (with bonuses)
  • Uses may include hotel, residential, restaurant, or office
  • Potential tenant/lease of the development
  • Potential land assemblage to develop 120 key hotel
  • LOI with Krymwood Hotel for a 120 hotel rooms. Commencing on the Opening Date, an amount equal to $16,750 multiplied by the actual number 120 guest rooms = $2M a Year for 20 Year and will be corporate guarantee by the holding company.

Getting around

  • 97/100

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  • 50/100

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  • 84/100

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Location

  • City Miami, FL
  • Neighborhood Wynwood
  • Zip Code 33127
  • Market Miami

Points of Interest

  • MiamiCentral

    1.72 miles

  • Brickell City Centre

    2.49 miles

  • Miami Airport

    3.72 miles

  • Miami Intermodal Center

    3.79 miles

  • Hialeah Market

    3.79 miles

  • MIA Station

    4.90 miles

  • Miami

    4.93 miles

  • Gates E2-E11

    5.07 miles

  • 4

    5.31 miles

  • Gates E20-E35

    5.32 miles

  • Marathon

    0.47 miles

  • ChargePoint Charging Station

    0.75 miles

  • BP

    0.75 miles

  • Tesla Supercharger

    0.85 miles

  • Shell

    0.86 miles

  • Valero

    2.13 miles

  • Chevron

    2.28 miles

  • Sunflex

    2.43 miles

  • ChargePoint

    6.26 miles

  • Blink

    8.21 miles

  • CITY VIEW GARAGE

    0.72 miles

  • PALM COURT GARAGE

    0.79 miles

  • Museum Garage

    0.85 miles

  • PARADISE PLAZA GARAGE

    0.93 miles

  • Highland Professional Building

    0.97 miles

  • Baskon Palmer Private Parking

    1.00 miles

  • Park Plaza East

    1.04 miles

  • North Parking Garage

    1.05 miles

  • Park Plaza West

    1.26 miles

  • Dominion Tower Parking Garage

    1.30 miles

  • Hyde Midtown Miami

    0.60 miles

  • AC Hotel by Marriott Miami Midtown

    0.70 miles

  • Hampton Inn & Suites Miami Midtown

    0.71 miles

  • Wishes Biscayne Motel

    0.75 miles

  • Opera Suites & Marina

    0.99 miles

  • Hilton Miami Downtown

    1.02 miles

  • Mare Azur Design District Luxury Apartments

    1.04 miles

  • Doubletree by Hilton Grand Hotel Biscayne Bay

    1.08 miles

  • Miami Marriott Biscayne Bay

    1.12 miles

  • Dunns-Josephine Hotel

    1.26 miles

  • Trader Joe's

    0.48 miles

  • Ross

    0.58 miles

  • Marshalls

    0.59 miles

  • Target

    0.61 miles

  • Price Choice

    0.76 miles

  • Miami Design District

    0.82 miles

  • Publix

    0.87 miles

  • Upper Buena Vista

    1.41 miles

  • Winn-Dixie

    1.49 miles

  • Sabal Palm Shopping Center

    1.58 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.

Contact Listing Broker

broker

Fabio Faerman, CCIM

FA Commercial