For Sale
$1,900,000

351 32Nd St Miami, FL 33127

17-Unit Multifamily Land, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 7,150 square foot lot in Miami's desirable Wynwood Norte neighborhood presents a remarkable development opportunity. Priced at $1,900,000, this property is zoned T4-R, allowing for the construction of a multifamily building with at least 17 units, with the potential for more depending on the planned unit size. The site's advantageous location places it in close proximity to the vibrant Design District and the upscale Shops at Midtown Miami, ensuring high demand and strong rental potential. Further enhancing its appeal, this property benefits from the City of Miami's approved Neighborhood Revitalization District (NRD-2) designation. This designation provides increased flexibility for developers, allowing for a wider range of uses, including multifamily residential and complementary neighborhood businesses. The 7,150 square foot lot offers a blank canvas for a visionary project in a rapidly growing area, promising significant returns on investment. This is a rare chance to capitalize on the burgeoning Wynwood Norte market and create a thriving residential development in a highly sought-after location. The address is 351 NW 32nd St, Miami, FL 33127.

Highlights

  • $1,900,000 asking price.
  • Multifamily development opportunity with 7,150 square feet of land in Miami, FL.
  • 17-unit development potential, with flexibility for more units depending on unit size.
  • Located in Wynwood Norte, near the Design District and Shops at Midtown Miami.
  • Situated in a City of Miami-approved Neighborhood Revitalization District (NRD-2), allowing for flexible multifamily and commercial development.

Property Details for 351 32Nd St

Property type
Land
Square Feet
7,150 SF
Units
17

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8067494
Longitude
-80.2022336

FAQs

What type of property is this?
Land - 17-Unit Multifamily Land, Prime Location
Where is the land located?
The property is located at 351 32Nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: $1,900,000 asking price.; Multifamily development opportunity with 7,150 square feet of land in Miami, FL.; 17-unit development potential, with flexibility for more units depending on unit size.
How can I contact the broker?
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351 32Nd St
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