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Entitled Hotel Site - Step to Wynwood Walls 176 NW 28th St Lot | Terrain commercial | 0,1 ha | À vendre | 7 779 600 € | Miami, FL 33127
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Directly Adjacent to Wynwood Walls – Irreplaceable location steps from Miami’s #1 cultural landmark, attracting 3M+ annual visitors and driving global
- Entitlement Security in Place – Waiver Final Decision valid through January 2026 - Eliminating 12–24 months of entitlement risk.
- High Barriers to Entry – Strict NRD-1 overlay and limited land inventory make this a truly irreplaceable infill opportunity.
- Dual-Frontage Assemblage (11,234 SF) – Rare three-parcel site with branding, signage, and pedestrian exposure on both NW 27th and NW 28th Streets.
- Severe Supply Gap - Under 500 rooms in Wynwood vs 15M+ visitors annually. Significant Imbalance – Limited hotel supply against massive visitor demand.
- Event-Driven Premiums – ADRs regularly spike above $500/night during Art Basel, F1 Miami, and Ultra, giving boutique hotels consistent upside.
RÉSUMÉ ANALYTIQUE
The property benefits from a Waiver Final Decision valid through January 19, 2026, approving 48 lodging units and 12 dwelling units under an apartment-hotel designation. This entitlement framework provides immediate security and eliminates 12–24 months of entitlement risk, accelerating time-to-market and protecting investor IRR.
Investors enjoy unique flexibility to Develop and operate under current approvals, or Pursue a conceptual 120-key lifestyle hospitality program, envisioning 48 hotel rooms + 72 STRs, curated food & beverage concepts, marketplace retail, and rooftop entertainment with pool and bar.
In addition, a leading global lifestyle hospitality operator has prepared a proposal for this site, envisioning a flagship concept that aligns with Wynwood’s art, culture, and nightlife identity. This proposal offers prospective buyers the option to leverage an internationally recognized brand platform. Details can be shared with qualified investors under NDA.
Strategically positioned, the site is primed to capture event-driven demand spikes during Art Basel, F1 Miami, Ultra, and Miami Open — periods when Wynwood hotels command ADRs well above citywide averages. With a delivered basis of $390K/key versus recent Wynwood trades exceeding $800K/key, the opportunity offers both downside protection and a compelling value creation spread.
With virtually no remaining assemblages of this scale in Wynwood’s walkable core, this represents a once-in-a-generation opportunity to deliver a flagship hospitality asset directly adjacent to Wynwood Walls.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
1 LOT DISPONIBLE
Lot 3
| Prix | 7 779 600 € | Surface du lot | 0,1 ha |
| Prix par ha | 74 540 653,51 € |
| Prix | 7 779 600 € |
| Prix par ha | 74 540 653,51 € |
| Surface du lot | 0,1 ha |
Three-parcel assemblage totaling 11,234 SF with dual frontage on NW 27th and NW 28th Streets in the Wynwood NRD-1 overlay. The site is covered by a Waiver Final Decision valid through January 19, 2026.
DESCRIPTION
PCK Commercial is pleased to present a rare opportunity to acquire a prime 11,234 SF dual-frontage assemblage in the heart of Miami’s Wynwood Arts District, one of the most dynamic cultural and hospitality markets in the United States. The property offers frontage on both NW 27th and NW 28th Streets, delivering exceptional branding, visibility, and pedestrian exposure just steps from the world-renowned Wynwood Walls, Miami’s most visited cultural landmark with over 3 million annual visitors annually. The site is governed by T5-O zoning within the Wynwood NRD-1 Overlay, providing flexibility for mixed-use and hospitality development. It carries a Waiver Final Decision valid through January 19, 2026, approving 48 lodging units and 12 dwelling units under an apartment-hotel designation. Parking obligations may be satisfied via the City’s fee-in-lieu program at building permit stage, minimizing development hurdles and expediting timelines. Investors benefit from immediate entitlement security with the option to develop under existing approvals or evaluate a conceptual 120-key boutique hospitality program that envisions 48 hotel rooms, 72 short-term rental units, ±8,600 SF food hall, mezzanine restaurant space, fitness amenities, and a rooftop pool and bar. This program, prepared by a premier global lifestyle operator, is available to qualified parties under NDA. With fewer than 500 hotel rooms currently in Wynwood versus over 15 million annual visitors, the property is strategically positioned to capture robust demand driven by Miami’s global tourism market and event calendar (Art Basel, F1 Miami, Ultra, Miami Open). This is one of Wynwood’s last true infill development opportunities, combining zoning flexibility, entitlement security, cultural adjacency, and irreplaceable location.
TAXES FONCIÈRES
| N° de parcelle | Évaluation des aménagements | 0 € | |
| Évaluation du terrain | 0 € | Évaluation totale | 1 447 084 € |
TAXES FONCIÈRES
Présenté par
Entitled Hotel Site - Step to Wynwood Walls | 176 NW 28th St
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