Positioned in the vibrant heart of Wynwood Norte, aneighborhood distinguished by its rich tapestry ofstreet art, eclectic eateries, and dynamic nightlife,this multifamily building is a rare investmentopportunity priced at $2,400,000. Featuring eightone-bedroom, one-bath units, the propertyencapsulates the essence of urban living in Miami'smost sought-after locale, steps away from the high-end… Read More shops of the Design District and the scenic allureof Miami Beach.The strategic importance of this investment isunderscored by the 2021 zoning overhaul led by theMiami City Commission, which introducedtransformative changes to Wynwood Norte. Theupdated zoning regulations permit a remarkabledensity of up to 150 units per acre, eliminatingprevious lot size density calculations and enablingexpansive building potential. This enhancement iscomplemented by revised NRD-2 zoning rules thatoffer significant parking requirement flexibilities inT4 and T5 zones, where buildings under 20,000square feet are exempt from parking requirements.This regulatory landscape promotes dense, infilldevelopment, aligning perfectly with Miami's visionfor this thriving district.Whether maintaining its current use or exploringredevelopment possibilities, this offering is anunparalleled chance to tap into Wynwood Norte'svibrant growth, making it an ideal acquisition forinvestors aiming to capitalize on Miami's premiercultural and entertainment hub. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Vicente Javier Rodriguez, 786-748-7373.
Listing Snapshot
Days Online
35
Last Updated
Property Type
Multi Family
Square Ft.
5,456
Lot Size
0.11 Acres
Year Built
1925
MLS Number
A12084742
30 Days Snapshot Of 33127
$615k
0%
(avg) sold price
0
-100%
homes sold
103
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Toal building area: 5456
Lot
0.11 acres
Property
Zoning: 3900
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