Visionary Development Opportunity in Wynwood Norte – 4,760 Sq Ft Lot with NRD-2 Zoning

  • $899,000
3128, Northwest 3rd Avenue, Wynwood, Miami, Miami-Dade County, Florida, 33127, United States
  • Multi-family
  • Property Type
  • 1,485
  • ft²
  • 4,760
  • Lot ft²
For Sale
Visionary Development Opportunity in Wynwood Norte – 4,760 Sq Ft Lot with NRD-2 Zoning
3128, Northwest 3rd Avenue, Wynwood, Miami, Miami-Dade County, Florida, 33127, United States
  • $899,000

Details

Updated on September 13, 2024 at 2:58 pm
  • Price: $899,000
  • Property Size: 1,485 ft²
  • Land Area: 4,760 ft²
  • Property Type: Multi-family
  • Property Status: For Sale

Description

Wynwood Norte is one of Miami’s most exciting and well-connected neighborhoods, nestled between Wynwood, Midtown, the Design District, and Edgewater, and just minutes away from sought-after dining and shopping. Currently undergoing a renaissance, the area benefits from a recently approved revitalization plan promoting mid-rise and boutique projects that enhance its character and stimulate business growth. The very innovative NRD-2 zoning passed for this area is just now coming into effect and will stimulate a boom of construction of contextual, high-quality housing, making it easily the city’s best example of urban planning. These features mean that, upon delivery, this building will quickly fill with high-quality tenants, making the revenue side of this project significant. This 4,760 sqft lot, zoned T-4R presents a prime opportunity for a visionary developer. It offers the potential to build up to 16 units without parking requirements or develop upscale townhomes. The site features a 3/2 unit with a den and a 1/1 unit, all within walking distance of entertainment, retail, art galleries, and Michelin-awarded restaurants, with easy access to I-95 and I-195.

Property Documents

1. FAUSTOCOMMERCIAL - FLYER-2
  • Address 3128, Northwest 3rd Avenue, Wynwood, Miami, Miami-Dade County, Florida, 33127, United States
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33127

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