Wynwood Norte Covered Land (Build 16 Units)

0.11 Acres of Commercial Land Offered at $899,000 USD in Miami, FL 33127

Asking Price $899,000

Property Type: Land

Listing Contacts

Alexandru Celea

Verified Profile

Property Info

Property Overview

Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units—a front 4/2, a rear 1/1, plus an additional structure that can be converted into an efficiency as well. New central AC system. Market rent estimated at $5500 (long-term), yielding a 5%+ cap rate while you develop.

Property Details

Property Subtype: Commercial

Highlights

Centrally located next to Wynwood, Midtown, Design District
Build up to 16 units with no parking

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