Alex Vagner - Downing-Frye Realty
8950 FONTANA DEL SOL WAY SUITE 100
NAPLES, FL 34109
$800,000
( )
$4,295 est/mo Sourced by Back At You321 NW 37 St , MIAMI, FL 33127
MIAMI, FL 33127
Description
Prime Development Opportunity in Wynwood Norte RDD2! Attention Developers, Architects, Builders, and Investors: New Price: $800,000. Seize this rare opportunity in the thriving Wynwood Norte Redevelopment District, Zoned T-6-8-O! This prime location is just one block north of NW 36th St off NW 3rd Ave, adjacent to The Design District and Midtown. The property boasts excellent visibility with a billboard on the northeast corner facing I-195 Off Ramp and State Rd 112 Expressways. Note: the billboard lease is to be assumed by the buyer and is not included in the sale. The zoning and development potential are immense: you can build up to 8 stories by right, and with entitlements and permitting, there is potential for up to 12 stories. The density is set at 150 units per acre, allowing for approximately 40-60 units, be it residential, hotel, or mixed-use commercial, with 80% lot coverage. The liberal Miami-21 zoning supports a wide range of possibilities, including mixed-use commercial/residential/hotel units, ground floor office/commercial uses, live-work buildings, workforce housing, art galleries, food service establishments, general commercial ventures, inns, hotels, motels, bed & breakfasts, as well as recreational, educational, pre-school, research, and religious facilities. An exciting additional opportunity is available with the adjacent property at 331 NW 37th St, which offers 5,750 Sq Ft and is listed at $1.5M. This property includes an existing 1-story residential structure that is tenant-occupied. Combining both properties would result in a total of 11,500 Sq Ft redevelopment site, amplifying the potential for your vision. Financials are available upon signing a Non-Disclosure Agreement (NDA). This property is sold AS-IS, with cash offers only. Buyers are to perform their own due diligence. Please note: drive by only, and do not disturb the occupants. This is your chance to shape the future of Wynwood Norte! Make your highest and best offer today and bring your vision to life in one of Miami’s most dynamic and rapidly evolving neighborhoods. Contact us now for more details!
Details
| MLS# | 224065317 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 165 |
| Listing Provided By | The Keyes Company | Steve Epstein |
Features
| Zoning | T68-O |
|---|---|
| Acreage | 0.13 |
| Water Front | Yes |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | MIAMI |
| Zip Code | 33127 |
| Listing VS Median (in 33127) | |
Price: $800,000 low | high Med: $0 On Site: 165 low | high Med: | |
Listing Updated: December 23, 2024 at 5:31:37 PM PST
