This Wynwood Norte covered land play is a rare opportunity that combines immediate income with significant future development potential in one of Miami’s most dynamic neighborhoods. The existing improvements feature a maintained triplex delivering approximately $4,000 in monthly income, providing cost offsets while plans and permits are prepared.
The property sits on a 7,100-square-foot lot zoned T4-R under the NRD-2 overlay, allowing for up to 24 residential units without the need for parking or variances. This flexible zoning unlocks multiple redevelopment strategies such as apartments, rental housing, or fee-simple townhomes. Situated near NW 2nd Avenue and just steps from major growth corridors, this site offers unmatched connectivity to Wynwood, Midtown Miami, and the Design District.
With its income-producing structure and future development upside, the property provides near-term returns with strong long-term capital appreciation prospects, appealing to both developers and investors looking to secure a position in an urban infill market experiencing rapid transformation.