Active
321 NW 37 ST
MIAMI FL, 33127
$800,000
Active
Commercial
Built in 1900
Prime Development Opportunity in Wynwood Norte RDD2!
Attention Developers, Architects, Builders, and Investors: New Price: $800,000. Seize this rare opportunity in the thriving Wynwood Norte Redevelopment District, Zoned T-6-8-O! This prime location is just one block north of NW 36th St off NW 3rd Ave, adjacent to The Design District and Midtown. The property boasts excellent visibility with a billboard on the northeast corner facing I-195 Off Ramp and State Rd 112 Expressways. Note: the billboard lease is to be assumed by the buyer and is not included in the sale.
The zoning and development potential are immense: you can build up to 8 stories by right, and with entitlements and permitting, there is potential for up to 12 stories. The density is set at 150 units per acre, allowing for approximately 40-60 units, be it residential, hotel, or mixed-use commercial, with 80% lot coverage. The liberal Miami-21 zoning supports a wide range of possibilities, including mixed-use commercial/residential/hotel units, ground floor office/commercial uses, live-work buildings, workforce housing, art galleries, food service establishments, general commercial ventures, inns, hotels, motels, bed & breakfasts, as well as recreational, educational, pre-school, research, and religious facilities.
An exciting additional opportunity is available with the adjacent property at 331 NW 37th St, which offers 5,750 Sq Ft and is listed at $1.5M. This property includes an existing 1-story residential structure that is tenant-occupied. Combining both properties would result in a total of 11,500 Sq Ft redevelopment site, amplifying the potential for your vision.
Financials are available upon signing a Non-Disclosure Agreement (NDA). This property is sold "AS-IS," with cash offers only. Buyers are to perform their own due diligence. Please note: drive by only, and do not disturb the occupants.
This is your chance to shape the future of Wynwood Norte! Make your highest and best offer today and bring your vision to life in one of Miami's most dynamic and rapidly evolving neighborhoods. Contact us now for more details!
224065317
MLSⓇ ID
August 8, 2024
Listed
September 16, 2024
Updated
Map
321 NW 37 ST
MIAMI FL, 33127
Interior Features
Total Stories
0
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Other Property Details
Taxes
$9,078
Tax Frequency
Annually
Association Fee
Not Listed
Garage
No
View
No
County
Miami-Dade
Pool
No
Zoning
T68-O
Courtesy of Steve Epstein, The Keyes Company
The IDX display contains information sourced from the Naples Area Board of REALTORS® as of 9/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Naples Area Board of REALTORS® All rights reserved.
Data last updated 10:58 PM UTC, 9/16/2024
