97 27Th St, Miami, FL 33127
39 Unit Apartment Building | $4,250,000 ($108,974/Unit) | Miami, FL 33127
For Sale
Active
Asking Price $4,250,000
- Property Type
-
Multifamily
- Square Feet
- 5,538 SF
Listing Contacts
Alfredo Riascos
Mateo Romero
Property Overview
Boutique development site for sale, in Wynwood’s Northeast Quadrant. The subject property offers developers with a unique opportunity to acquire a corner site in one of Miami’s fastest growing sectors.
Situated within Wynwood’s NRD-1 zoning overlay, the property provides an opportunity for Buyers to join a
successful roster of neighboring developers such as Related Group, Lennar, and the Kushner Companies.
The corner lot offers developers with the ability to develop residential or short-term lodging projects. Currently,
the site allows for the development of up to 5 stories, 39 residential units, or 78 hotel/short term rentals.
The property currently houses a successful multi-family building with 10 units that are currently leased on short
term leases. Financial information is available upon request.
Additionally, the neighboring property is also for sale for a potential to assemble up to 16,950 SF of total land area.
This allows for an excellent opportunity to develop a project that fronts NW 1 st Avenue and the newly proposed
Wynwood Woonerf program, which will allow for excellent retail potential on the avenue.
The location also offers immediate access to major transportation arteries and public transportation.
Overall, this property presents an exciting opportunity for developers looking to enter the Wynwood market and
would like to take advantage of the area’s thriving environment.
Situated within Wynwood’s NRD-1 zoning overlay, the property provides an opportunity for Buyers to join a
successful roster of neighboring developers such as Related Group, Lennar, and the Kushner Companies.
The corner lot offers developers with the ability to develop residential or short-term lodging projects. Currently,
the site allows for the development of up to 5 stories, 39 residential units, or 78 hotel/short term rentals.
The property currently houses a successful multi-family building with 10 units that are currently leased on short
term leases. Financial information is available upon request.
Additionally, the neighboring property is also for sale for a potential to assemble up to 16,950 SF of total land area.
This allows for an excellent opportunity to develop a project that fronts NW 1 st Avenue and the newly proposed
Wynwood Woonerf program, which will allow for excellent retail potential on the avenue.
The location also offers immediate access to major transportation arteries and public transportation.
Overall, this property presents an exciting opportunity for developers looking to enter the Wynwood market and
would like to take advantage of the area’s thriving environment.
Property Details
- Class
- C
- Year Built
- 1937
- Stories
- 1
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 39
Highlights
- Corner lot in one of Miami's fastest growing sectors: situated within Wynwood's NRD-1 zoning overlay.
- Proximity to immediate access to major transportation arteries and public transportation.
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