2899 NW 7th Ave
Miami, FL 33127

2899 NW 7 AVE presents a premier development opportunity, offering the potential for significantly higher density and substantial financial advantages through the Live Local program, coupled with the benefits of its location in an Opportunity Zone, providing significant tax incentives.

Colliers is pleased to offer 2899 NW 7 AVE, a prime 0.35-acre development site strategically located in East Allapattah, just steps from Wynwood and offering exceptional connectivity to three major highways as well as the Urban Core. Situated at the corner of 29th Street and 7th Avenue, this single-parcel property boasts T6-8-O zoning, allowing for the development of 53 buildable units (150 units per acre) and a range of commercial uses by right. The site’s eligibility under the Live Local program offers the potential to increase density to an impressive 1,000 units per acre, along with significant tax savings and favorable financing options. Additionally, its location within an Opportunity Zone provides further substantial tax benefits. Currently, the property is leased for approximately $150,000 per year with a flexible six-month termination clause, offering an immediate income stream while maintaining the flexibility to unlock the site’s full redevelopment potential.