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Miami Land Banking or Development Opportunity 145 NW 35th St 0.34 Acres of Residential Land Online Auction Sale Miami, FL 33127
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Investment Highlights
- 15,000-square-foot assemblage provides a consolidated development site in an urban neighborhood where land opportunities are increasingly limited.
- Seller-paid impact fees reduce upfront development costs and shorten the path to construction, allowing capital to be deployed more efficiently.
- Flexible parking requirements, bonus density incentives, and the potential to earn added development rights can help maximize site utilization.
- NRD 2 overlay zoning supports up to 150 dwelling units per acre, creating optionality for greater residential density and enhanced project economics.
- Development potential extends beyond multifamily use, with zoning flexibility that may also support hospitality or short-term rental concepts.
- Location near Wynwood, Midtown Miami, the Design District, Edgewater, and Downtown places future residents within reach of Miami’s top destinations.
Executive Summary
Marcus & Millichap is proud to present for sale a rare 0.34-acre multifamily development opportunity in the heart of Wynwood Norte, one of Miami’s most dynamic and culturally rich submarkets. This offering comprises three contiguous parcels totaling 15,000 square feet, zoned T5 under the Miami 21 zoning code, and enhanced by the NRD 2 overlay, which unlocks significant development potential through increased density, relaxed parking requirements, and public benefit incentives.
Under the NRD 2 (Neighborhood Revitalization District 2) zoning overlay, codified in Appendix P of Miami 21, developers may build up to 150 dwelling units per acre, a sharp increase over the base T5 density limits. The overlay is designed to encourage context-sensitive infill development, support a walkable, transit-oriented community, and provide a path for developers to earn bonus height and floor area through contributions such as affordable housing, micro-retail, or payments to the Wynwood Norte Community Trust Fund. Additionally, NRD 2 allows flexibility in parking requirements, reducing construction costs and improving yield metrics for developers.
The offering contemplates the development of a six-story, approximately 51-unit multifamily project. Impact fees have been paid by the seller, reducing upfront soft costs and helping to accelerate the development timeline. This site would also be suitable for a short-term rental or hotel project. The lot is situated just west of NW 1st Avenue and two blocks from the Midtown Shops, providing unmatched connectivity to Miami’s top lifestyle destinations. The site lies within walking distance of Wynwood, Midtown Miami, the Design District, Edgewater, and Downtown, and offers immediate access to Interstate 95 (I-95), Interstate 195 (I-195), and Miami International Airport (MIA).
Wynwood has undergone a dramatic transformation from a historic industrial district into one of the country’s most celebrated urban neighborhoods. Once home to light manufacturing and warehouses, it has become a global destination recognized by Vogue, TimeOut, Forbes, Google, and The Independent for its street art, culinary scene, creative industries, and urban lifestyle. Much of this transformation was spearheaded by the Wynwood Business Improvement District (BID) and the establishment of the NRD 1 and NRD 2 overlays, which realigned zoning to support mid-rise residential and mixed-use development while preserving the neighborhood’s unique character.
For the developer or investor seeking a scalable, well-located multifamily or hotel project in an emerging high-growth submarket, this offering provides a unique opportunity to build into the future of urban Miami while leveraging favorable zoning and strong consumer demand. This is a rare chance to secure a development-ready site in one of the most sought-after locations in the city.
Property tours are by appointment only. Please contact the listing broker to schedule.
Under the NRD 2 (Neighborhood Revitalization District 2) zoning overlay, codified in Appendix P of Miami 21, developers may build up to 150 dwelling units per acre, a sharp increase over the base T5 density limits. The overlay is designed to encourage context-sensitive infill development, support a walkable, transit-oriented community, and provide a path for developers to earn bonus height and floor area through contributions such as affordable housing, micro-retail, or payments to the Wynwood Norte Community Trust Fund. Additionally, NRD 2 allows flexibility in parking requirements, reducing construction costs and improving yield metrics for developers.
The offering contemplates the development of a six-story, approximately 51-unit multifamily project. Impact fees have been paid by the seller, reducing upfront soft costs and helping to accelerate the development timeline. This site would also be suitable for a short-term rental or hotel project. The lot is situated just west of NW 1st Avenue and two blocks from the Midtown Shops, providing unmatched connectivity to Miami’s top lifestyle destinations. The site lies within walking distance of Wynwood, Midtown Miami, the Design District, Edgewater, and Downtown, and offers immediate access to Interstate 95 (I-95), Interstate 195 (I-195), and Miami International Airport (MIA).
Wynwood has undergone a dramatic transformation from a historic industrial district into one of the country’s most celebrated urban neighborhoods. Once home to light manufacturing and warehouses, it has become a global destination recognized by Vogue, TimeOut, Forbes, Google, and The Independent for its street art, culinary scene, creative industries, and urban lifestyle. Much of this transformation was spearheaded by the Wynwood Business Improvement District (BID) and the establishment of the NRD 1 and NRD 2 overlays, which realigned zoning to support mid-rise residential and mixed-use development while preserving the neighborhood’s unique character.
For the developer or investor seeking a scalable, well-located multifamily or hotel project in an emerging high-growth submarket, this offering provides a unique opportunity to build into the future of urban Miami while leveraging favorable zoning and strong consumer demand. This is a rare chance to secure a development-ready site in one of the most sought-after locations in the city.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
| Property Type | Land | Total Lot Size | 0.34 AC |
| Property Subtype | Residential | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | T5-L/NRD-2 - Primary Zoning: Miami21 T5-L / Special Overlay: NRD-2 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Sale Type | Investment |
| Total Lot Size | 0.34 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | T5-L/NRD-2 - Primary Zoning: Miami21 T5-L / Special Overlay: NRD-2 |
1 Lot Available
Lot
| Lot Size | 0.34 AC | Parcel Number | 01-3125-019-0410 |
| Lot Size | 0.34 AC |
| Parcel Number | 01-3125-019-0410 |
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Sale Advisor
Sale Advisor
Alex Zylberglait, Executive Managing Director Investments CCIM
Alex Zylberglait is Senior Managing Director Investments in the Miami office of Marcus & Millichap. Over the last 20 years he has been involved in over $1.5 Billion in office, single-tenant net-lease, industrial, land and retail transactions, ranging in value primarily from $1 million to $20 million.
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Miami Land Banking or Development Opportunity | 145 NW 35th St
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