Investor Alert Covered Land Play in Wynwood Norte No Parking Required Rare opportunity to acquire a 4, 465 SF development site in Wynwood Norte, zoned T4 R within the NRD ...
| Website: | https://www.nestseekers.com/5396190 |
|---|---|
| Address: | Miami, FL 33127 |
| Ownership: | For Sale |
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| Type: | Duplex |
Financials
Price:$950,000
Annual Taxes:$12,606
Description
Investor Alert: Covered Land Play in Wynwood Norte – No Parking Required
Rare opportunity to acquire a 4,465 SF development site in Wynwood Norte, zoned T4-R within the NRD-2 overlay—allowing up to 15 units by right with no parking requirement (under 20,000 SF buildable threshold).
Currently improved with a 2-unit (2 bed / 2 bath) structure totaling 960 SF, this property offers immediate flexibility as a covered land play—generate income while advancing plans, or move straight into redevelopment.
Positioned in one of Miami’s most active urban infill corridors, this site provides a clear path to maximize density without the cost and inefficiency of structured parking. Ideal for developers seeking a streamlined project with strong unit yield in a high-demand rental market.
Key Highlights:
4,465 SF lot in Wynwood Norte (NRD-2 overlay)
Up to 15 units by right
No parking required (sub-20,000 SF project)
Existing duplex for interim income
High-growth location near Wynwood, Midtown, and the Design District
A true value-add opportunity with multiple execution paths—build now, hold with income, or entitle for future upside.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11995801
Amenities
- CableNotAvailable
- LessThanQuarterAcre
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of Fausto Commercial Realty Consultants Inc | |