Development opportunity in the hot Wynwood Norte submarket
$1,400,000
For sale
8189
Property ID
Description
Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space — yes, it’s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.
HIGHLIGHTS
- Lot Features: Central Business District, City Location, Less Than 1 Acre
- Documents Available: Other Documents Available, Survey Available
- Buyer Agency Compensation: 2.5%
- Showing Instructions: Call Listing Agent,No Sign
Address
Address:
526 NW 34th St, Miami, FL
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 8189
- Price $1,400,000
- Property Type Development opportunities, Hotel
- Property status For sale
Contact
