Property Description

Investment & Development Opportunity in Wynwood NorteSeize a unique opportunity in the highly sought-after Wynwood Norte with this prime investment property. Strategically positioned near Wynwood, Midtown, and the Design District, this site offers immediate cash flow with massive future development upside.Zoning & Development PotentialZoning: T4-R with the NRD-2 Zoning Overlay.Density: Boasting 150 units per acre, allowing for the construction of up to 24 units by right.Parking: Development can be completed without parking requirements.Versatility: Alternatively, the site can be transformed into an upscale townhome development, benefiting from easy access to I-95.Operational Highlights Low Overhead: Tenants pay all utilities and maintenance, ensuring a streamlined operation for the owner.Condition: The roof is in excellent shape?well-maintained with no leaks or issues.Location & Market GrowthNestled just south of the Design District and west of Midtown, Wynwood Norte is undergoing rapid growth following the expansion of Wynwood. With over 6,000 residential units and 2 million square feet of office space in the immediate vicinity, this property is your chance to be part of the next big wave in Miamis dynamic real estate market.Note: DO NOT DISTURB TENANTS.

Property Features