2721-2727 1St Ave Miami, FL 33127

This exceptional 11,300 square foot corner lot in Miami's Wynwood neighborhood presents a remarkable development opportunity. Located within the T5-O - Wynwood NRD 1 zoning overlay, this site allows for the construction of up to an eight-story building (with potential bonuses), accommodating various project types. As-of-right development options include 39 residential units or 78 hotel keys. Alternatively, the property is well-suited for commercial projects such as office or hospitality spaces. The sale may include plans and intellectual property for a nearly fully permitted 37-unit luxury condo project. This prime location offers easy access to major transportation arteries and public transit, placing it within one of Miami's fastest-growing corridors, alongside projects by prominent developers like Related Group, Lennar, and the Kushner Companies. The asking price is $8,475,000. This is an unparalleled chance to capitalize on Wynwood's thriving environment.