Home » Properties » 660,662,664 NW 29th St, Miami FL 33127

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Prime Mixed-Use Development Land in Miami's Allapattah

14,000 sqft land near Wynwood offers mixed-use potential with existing leases and D2 zoning for up to 8 floors.

$3,500,000

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MLS #A11766314

Listing Updated: 2026-07-14 00:40:04

Listed By: One Sotheby's International Realty

Overview

This 14,000 sqft assemblage at 660, 662, and 664 NW 29th St in Miami presents a rare development opportunity in the vibrant Allapattah neighborhood, just a block from Wynwood’s renowned Art & Entertainment District. The property includes a 7-unit duplex and an office building currently leased below market rates, generating steady cash flow. Zoned D2, the site supports up to 8 floors of new construction, suitable for retail, hotel, bed & breakfast, showroom, or office uses. Proximity to major developments like Amazon’s leased office space and Dorsey, plus easy access to Miami Beach, Downtown, and Brickell, enhances its appeal for developers and investors targeting a rapidly evolving area.

Property Highlights

14,000 sqft land parcel; Mixed-use potential with existing leases; Zoned D2 allowing up to 8 floors; Close to Wynwood Art District; Near Amazon office and Dorsey development; Convenient access to Miami Beach, Downtown, and Brickell.

Property Details

City: Miami

State: FL

Zip Code: 33127

Address: 660,662,664 NW 29th St, Miami FL 33127

Year Built:

Property Type: Land/Boat Docks

Property Sub Type:

Listing Office Name: One Sotheby's International Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $11,536

Days On Market: 445 Days

Original Listing Description

Prime Development Opportunity in Allapattah/Wynwood Junction. 14,000 SF three-parcel assemblage features mixed-use leasable space, including a 7-unit duplex and an office building located in Allapattah, just one block from Wynwood’s Art & Entertainment District. Currently generating cash flow from below-market leases, this property offers significant upside potential. Zoned D2, it allows for up to 8 floors of new construction and various uses, including retail, hotel/inn, bed & breakfast, and, show room/and offices. Nearby, Amazon has leased office space, and developments like Dorsey are within walking distance. With a short drive to Miami Beach, Downtown, and Brickell, this is an exceptional opportunity for developers or investors looking to capitalize on a rapidly growing area.

Property Location

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

660,662,664 NW 29th St, Miami FL 33127

About This Neighborhood

Located in Allapattah, this property benefits from its adjacency to Wynwood, known for its vibrant arts scene and entertainment options. Allapattah is experiencing revitalization with new commercial and residential projects, attracting businesses and creatives alike. The neighborhood offers a mix of industrial, retail, and residential uses, providing a dynamic urban environment. Its strategic location near key Miami hubs enhances convenience and connectivity, making it an attractive area for development and investment.

Walkability & Lifestyle

This location offers excellent walkability to Wynwood’s Art & Entertainment District, with numerous restaurants, galleries, shops, and nightlife venues within a short stroll. Nearby parks and green spaces provide outdoor recreational opportunities. The site’s proximity to public transit and major roadways enhances daily convenience for residents and workers, supporting a vibrant urban lifestyle with easy access to Miami Beach, Downtown, and Brickell.

Things To Do Nearby

Residents and visitors enjoy a rich array of activities nearby, including art exhibitions, dining at trendy restaurants, and nightlife in Wynwood. Outdoor enthusiasts can explore local parks, waterfront areas, and marinas. The neighborhood’s cultural vibrancy and proximity to Miami’s beaches and entertainment districts offer diverse options for leisure and recreation throughout the year.

Nearby Schools

The Allapattah area offers access to a variety of public and private schools within reasonable commuting distances. Families relocating to the neighborhood can find educational options ranging from elementary to high school levels. The proximity to Miami’s educational institutions adds to the community’s appeal, supporting residents with convenient access to quality schooling options.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location near Wynwood’s cultural hub and Miami’s key business districts. The flexible zoning and existing income-producing assets provide development versatility and immediate cash flow. The neighborhood’s ongoing revitalization and connectivity to major Miami destinations make it an attractive choice for those seeking long-term growth potential and a dynamic urban environment.

Investment Potential

This property offers a compelling opportunity for investors and developers seeking to capitalize on Miami’s growing Allapattah neighborhood. The existing below-market leases provide immediate cash flow, while the D2 zoning allows for diverse uses including retail, hospitality, and office space, with up to 8 floors of new construction. Its proximity to Wynwood’s Art & Entertainment District and major office tenants like Amazon enhances its long-term appeal. The location’s accessibility to Miami Beach, Downtown, and Brickell supports sustained demand, making it a versatile asset for various development strategies.

Market Trends

The Miami real estate market in Allapattah is characterized by increasing interest from developers and investors due to its proximity to Wynwood and Downtown Miami. Demand for mixed-use properties is rising as the area transforms with new offices, retail, and residential projects. Limited available land parcels in this zone contribute to its appeal. The D2 zoning supports flexible development options, aligning with market trends favoring urban, mixed-use communities that blend living, working, and entertainment spaces.

Rental Income Potential

The property currently generates income from below-market leases on a 7-unit duplex and office building, providing a stable cash flow foundation. Its location near Wynwood and major employers like Amazon enhances tenant interest and potential rental demand. The diverse zoning allows for multiple uses, appealing to a broad tenant base. While rental income is subject to market conditions, the site’s versatility and location support ongoing leasing opportunities in a growing neighborhood.