2534 Miami AveMiami, FL 33127

Property Details for 2534 Miami Ave

Year built

1950

Construction

CONCRETE

Lot size

0.55 AC

Property size (Sq ft)

18,870 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Amusement parks

APN

01-3125-029-1150

APU

131250291150

Description

This exceptional 0.55-acre commercial land parcel, located at 2534 N Miami Ave, Miami, FL 33127 (APN: 01-3125-029-1150), is offered at $18,000,000 ($750/SF). Currently zoned T6-8-O, it allows for an 82-unit boutique development as-of-right. The Live Local Act enables the construction of a high-rise building, potentially up to 60 stories and 550 units, subject to approvals. Situated on a highly visible corner lot on a main Wynwood thoroughfare, this property benefits from the neighborhood's rapid transformation into a vibrant hub of art, dining, nightlife, and business. Wynwood's growth includes over 2.1 million square feet of office space, 2.6 million square feet of retail, and 3,100+ apartment units, demonstrating strong market demand. The property's prime location provides unparalleled access to major South Florida markets, including over 12.7 million square feet of Class A office and over 10.9 million square feet of Class A retail within a 15-minute radius. The burgeoning condo market, with recent projects selling at over $1,250 per square foot, further underscores the investment potential. This presents a unique opportunity to capitalize on Wynwood's continued expansion and create a landmark development in this dynamic and sought-after location. The property is for sale by owner.

• Alternative Use

  Use

  Valuation

  Residential

  $18,648,124

  Hospitality

  $17,081,580

  Educational

  $14,211,675

  Medical

  $14,700,436

  Retail

  $22,107,050

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8013

Longitude

-80.1954

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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