3123 NW 3rd Ave - Residential LAND FOR SALE


Miami, FL 33127- Wynwood9,888 SF
$1,700,000 USD
786-261-5393
3123 NW 3rd Ave, Miami, FL for Sale
$1,700,000 USD
Residential LAND - FOR SALE
1/15
9,888 SF

3123 NW 3rd Ave
Miami, FL 33127
Wynwood


HIGHLIGHTS

  • Blocks away from Wynwood, Design District, and Midtown. Less than 10 minutes to the beach and MIA Airport
  • NRD-2 Zoning allows for 150 units per acre to be built
  • Flexible Parking Exemptions in NRD-2 Building Code!
  • Flexible Pricing
  • Assemble almost 10,000 Sqft of land

OVERVIEW

ASSEMBLAGE OPPORTUNITY! This property can be bought along with 287 nw 31st St (MLS#: A11732843, Asking $1.6M). PRICE IS FLEXIBLE. The 9,888 sqft assemblage, with the NRD-2 zoning overlay, provides the ability to build at a density of 150 units per acre, this means you can build up to 34 units as of right at the asking price of $75,000 per buildable unit. Strategically located just blocks away from Wynwood, Midtown, and the Design District, and flanked by I-95 and I-195, this is an ideal investment due to strong rental and housing demand driven by its proximity to jobs and major entertainment areas. Rent the property while you get approved to build. The models being done by local developers are condo conversions, workforce housing, or traditional apartment rentals. This lot is zoned T4-R which primarily is best used for building residential units, and the zoning overlay has uniquely flexible parking requirement (click on link to miami 21 zoning code). Wynwood Norte has become highly sought after by developers due to its affordability and unique location—less than 10 minutes from the beach, MIA Airport, and Brickell. Land in Wynwood is well over $350/sqft and in Wynwood Norte you can still enjoy sub $250/sqft prices, making this the perfect time to get in! We have sold multiple sites this year alone in this area - Call to get more information about the neighborhood, zoning, and even local bank financing!

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/ACRE

$7,489,078/AC

PRICE/SF

$172 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3rd Ave Wynwood Norte Assemblage

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Subsdzd

LAND ACRES

0.23 AC

LAND SF

9,888 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

T4-R

APN/PARCEL ID

01-3125-019-3120

ASK ABOUT THIS PROPERTY

Robin PerezFausto Commercial Realty ConsultantsMore Info
786-261-5393

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Robin PerezFausto Commercial Realty ConsultantsMore Info
786-261-5393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.