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Commercial Land with Redevelopment Potential in Miami

Prime commercial land in Miami's Allapattah neighborhood with live local zoning and TOD benefits, offering redevelopment opportunities.

$1,630,000

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MLS #A11777384

Listing Updated: 2026-06-29 00:27:38

Listed By: RE/MAX 360 Real Estate

Overview

This commercial land parcel at 3737 NW 20th Ct in Miami presents a unique redevelopment opportunity within the Allapattah submarket. The property includes a single-family home on a 10,000 sqft lot zoned T5-L, allowing for live local development. Situated in a Transit-Oriented Development (TOD) zone and a qualified opportunity zone, the site benefits from proximity to Earlington Station and is just west of Wynwood. Currently rented, the property generates income during the entitlement process. Approved plans include 42 units, pending site plan approval, making this a versatile option for developers and buyers interested in Miami’s evolving urban landscape.

Property Highlights

10,000 sqft lot in Allapattah, Zoned T5-L for live local development, Located in TOD and qualified opportunity zone, 42-unit site plan pending approval, Currently rented generating income, Near Earlington Station and Wynwood.

Property Details

City: Miami

State: FL

Zip Code: 33142

Address: 3737 NW 20th Ct, Miami FL 33142

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: RE/MAX 360 Real Estate

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $11,083

Days On Market: 428 Days

Original Listing Description

The offering consists of an outstanding redevelopment opportunity in the Allapattah submarket, located within a qualified opportunity zone: “ALLAPATTAH 42 LIVE LOCAL.” This lot features a single-family home on a 10,000 square foot parcel. This lot is zoned T5-L and is eligible for live local development, as well as being located within a Transit-Oriented Development (TOD) zone. Additionally, the property is situated within a qualified opportunity zone. The home is currently rented, providing income during the entitlement process. Approvals: 42 Units, Site Plan to be Approved/Existing Cash Flow/Within Qualified OZ/Within the TOD Applicable for Live Local/Earlington Station within 2 blocks/West of Wynwood

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

3737 NW 20th Ct, Miami FL 33142

About This Neighborhood

Allapattah is a dynamic Miami neighborhood known for its evolving urban character and proximity to key areas like Wynwood and downtown Miami. The neighborhood benefits from ongoing redevelopment and improved transit options, including the nearby Earlington Station. This area attracts a mix of residents and businesses, contributing to a vibrant community atmosphere. Its location within a qualified opportunity zone further supports growth and revitalization efforts, making it a compelling choice for developers and investors looking to engage with Miami’s changing landscape.

Walkability & Lifestyle

Allapattah’s location provides good walkability to local amenities, including restaurants, shops, and transit options. The nearby Earlington Station enhances pedestrian access to public transportation, facilitating easy travel to downtown Miami and Wynwood. Residents and visitors can enjoy a mix of urban conveniences within walking distance, contributing to a lifestyle that balances accessibility with vibrant city living.

Things To Do Nearby

Residents in the Allapattah area enjoy proximity to Wynwood’s art galleries, dining, and nightlife, as well as outdoor activities near Miami’s waterfront parks and marinas. The neighborhood’s location allows easy access to cultural attractions, shopping districts, and recreational facilities. Whether exploring local cuisine, attending events, or enjoying outdoor spaces, there is a variety of activities to suit diverse interests.

Nearby Schools

The Allapattah neighborhood offers access to a variety of educational institutions within reasonable commuting distance. Families and residents benefit from public and private school options in nearby communities, providing convenient access to quality education. The area’s urban setting also allows for easy transportation to schools in adjacent neighborhoods, supporting diverse educational needs for residents and future tenants.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location within a qualified opportunity zone and TOD area, offering flexibility for redevelopment. The approved 42-unit site plan and existing rental income make it a practical choice for those looking to develop or hold property in a growing part of Miami. Its proximity to Wynwood and transit hubs enhances its appeal for urban lifestyles and commercial ventures alike.

Investment Potential

This commercial land in Miami’s Allapattah neighborhood offers significant redevelopment potential due to its zoning and location within a qualified opportunity zone. The live local zoning (T5-L) and Transit-Oriented Development (TOD) designation enhance its appeal for various development projects. The approved site plan for 42 units adds to its attractiveness for developers seeking to capitalize on Miami’s urban growth. The existing rental income during the entitlement process provides some financial stability, making this property a practical choice for those interested in long-term development opportunities.

Market Trends

Miami’s commercial real estate market continues to attract attention due to its strategic location and diverse economy. Areas like Allapattah are experiencing increased interest as redevelopment zones, supported by zoning that encourages mixed-use projects and transit accessibility. The combination of opportunity zones and TOD designations is driving demand for properties that can accommodate higher-density developments. While inventory varies, properties with approved plans and income-generating potential remain appealing to buyers focused on urban growth and redevelopment possibilities.

Rental Income Potential

The property currently generates rental income from an existing single-family home, providing cash flow during the entitlement process. Its location in a transit-oriented and opportunity zone area enhances its rental appeal. The live local zoning and proximity to transit hubs like Earlington Station can attract tenants interested in convenient urban living. While rental income is not guaranteed, the site’s characteristics support ongoing tenant interest and usability throughout development planning stages.