511 34Th StMiami, FL 33127

Property Details for 511 34Th St

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional 3,240 square foot lot, located at 511 NW 34th Street in Miami, Florida, presents a compelling development opportunity in the vibrant Wynwood Norte neighborhood. Zoned T5-L, this property allows for the construction of a building up to five stories high, with the potential for studio units, depending on the desired square footage per unit. The site benefits from its proximity to both the Design District and the Shops at Midtown, ensuring high visibility and convenient access to thriving retail and cultural destinations. Furthermore, the property is situated within a City of Miami-approved Neighborhood Revitalization District (NRD-2), offering potential advantages and streamlined processes for development. This designation allows for flexibility in building design, permitting a mix of multifamily residential units and commercial space on the ground floor, catering to a diverse range of uses and maximizing investment potential. The asking price for this exceptional development opportunity is $999,000. This property is ideal for developers seeking a prime location in a rapidly growing area with significant upside potential. The 33127 zip code offers easy access to major transportation arteries and a wealth of amenities. Don't miss this chance to acquire a highly desirable development site in one of Miami's most sought-after neighborhoods.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8083

Longitude

-80.2039

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