Allapattah (“the next Wynwoodâ€) is the most sought-after up-and-coming neighborhood in Miami, where plans to transform the area have been recently approved. Allapattah is expected to become Miami's newest cultural hub with an abundance of new apartment buildings, dining destinations, breweries, live music venues and more. New and future developments that were recently announced are projected to add more than 4,000 new residential units to the area, in a move that will have a dramatic effect on real estate values in the neighborhood. Only a block away from the largest future mixed-use development in the area, lies a 13,592 square-foot warehouse on an extra-large corner 27,708 square-foot lot. Zoned T6-8-O, the property offers a rare opportunity for investors and developers to build a large-scale 8-story multifamily building with up to 95 apartments and a retail/commercial street level. Adjacent 7,250 square-foot vacant lot is for sale as well, to increase development potential to 120 units. From ABC News, June 2021: “Empty lots and warehouses in emerging neighborhoods such as Allapattah have become the next sought-after real estate commodity for mix-use developments, especially due to their location directly west of the already bustling neighborhoods of Wynwood, Edgewater, and Downtown.†Limited-term lease-back may be considered.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
