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420 NW 32nd St, Miami FL 33127

Commercial For Sale
$1,676,767

BTC: 25.59949618

ETH: 931.53722222

31 days
0 room(s)

Overview

Development opportunity in the heart of Wynwood. Property currently configured as a duplex but being marketed for its redevelopment potential. Existing structures are being sold in as-is condition with no representation as to current use or improvements. Situated on a 7,200 SF lot within a rapidly transforming corridor surrounded by new construction and major developments. Area may support multifamily development under current zoning overlays—buyer to verify zoning, density, and allowable uses. Lot dimensions are approximate and subject to verification. Ideal for investors or developers seeking to capitalize on Wynwood’s continued growth and strong demand. Property can generate income meanwhile the redevelopment process is being planned or pursued.

Location

Florida • Miami • 33127 • Commercial • For Sale

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.17 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,174,500
$400K – $3.6M
Confidence Low
List vs. estimate
$502K above estimate
List $1,676,767 · +42.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
78 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $6.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$22,275
2025
All facts and features

  • Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 01-31-25-024-0890

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $22,275

  • Source details

    • MLS ID: A12009757

    Other facts

    • Lot Features: Central Business District / Near Business Park / Other Location / Urban Area Development / Regular Lot

    • Water Source: Municipal Water

    • Lot Size Dimensions: 60x120

    • Subdivision Name: NORTHERN BLVD TRACK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
269
median $1.2M
Active
Same city
Miami
12,004
median $650K
Active
Same type
Commercial
1,144
median $1.3M
Active
Similar price
$1.2M – $2.2M
1,529
median $1.5M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Alterra Realty Group Inc