351 32Nd StMiami, FL 33127

Property Details for 351 32Nd St

Property size (Sq ft)

7,150 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8067

Longitude

-80.2022

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