Fausto Commercial is pleased to present 511 & 527 NW
34th Street, Miami FL 33127, a land development
opportunity in Wynwood Norte. Featuring a 10,390 sq. ft.
lot, this property allows for 40 buildable units with no
parking requirement as long as the sq. ft. floor area is less
than 20,000 sq. ft. This is the new neighborhood
rehabilitation district – a zoning overlay district with land
use and development standards calibrated to support the
needs and priorities of the community, protect the unique
character of the neighborhood and implement the
Wynwood Norte Community Vision Plan (R-19-0472). For
more information, please refer to Wynwood Norte
(NRD-2) zoning guidelines. This zoning allows for Short
Term rental as well as commercial use. Property also has
in-place income at $10,750 gross per month. Net
Operating Income is $100,712 for a 4.57% in-place cap
rate.