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2721-2727 NW 1st ave - 2721-2727 NW 1st Ave

0.26 Acres of Commercial Land Offered at £6,647,875 in Miami, FL 33127

Investment Highlights

  • 39 Allowable Residential Units
  • 78 Allowable Lodging Units

Executive Summary

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 corridors.
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, commercial, or hospitality driven projects.
Currently, the site allows for the development of up to 8 stories (with bonuses), 39 residential units, or 78 hotel
keys as of right. Alternatively, the site can also be developed as a commercial project that accommodates Office or Hospitality driven projects.The sale may also include the plans and intellectual property for a proposed 37-unit luxury residential condo
project that is close to being fully approved and permitted.
Additionally, its location 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.
Opportunity to assemble next door lot for a total of 16,950 SF.

Property Facts

Price £6,647,875
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
Total Lot Size 0.26 AC

1 Lot Available

Lot

Price £6,647,875
Price Per AC £25,626,705
Lot Size 0.26 AC

Currently, the site allows for the development of up to 8 stories (with bonuses), 39 residential units, or 78 hotel keys as of right.

Description

Its location 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

Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-3125-029-0810
  • 01-3125-029-0820
  • 01-3125-029-0800
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,802,650

zoning

Zoning Code T5-O Wynwood NRD 1 (Commercial Business)
T5-O Wynwood NRD 1 (Commercial Business)
  • Listing ID: 31966254

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: 2721-2727 NW 1st ave, Miami, FL 33127

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