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3041 NW 5th Ave
Miami, FL 33127
Mixed-Use Multifamily Development Site · Land For Sale
·
0.17 AC
Investment Highlights
- Advanced Pre-Development Opportunity in Wynwood Norte
- Located Within the City's NRD-2 Revitalization Overlay District
- 24 Residential Units Above Ground-Floor Retail with Existing Architectural Plans & Project Documentation
- Positioned in One of Miami's Fastest-Growing Urban Corridors
Executive Summary
Marcus & Millichap is pleased to present this exceptional mixed-use development opportunity located at 3041 NW 5th Avenue in Miami, Florida. Strategically positioned in the rapidly evolving Wynwood Norte neighborhood, plans include a five-story mixed-use project featuring 24 residential units above ground-floor retail. Significant pre-development work has been completed, including architectural plans, renderings, and supporting project documentation, providing investors with a streamlined path toward project execution.
Positioned within a high-growth corridor, the area is characterized by strong demand for modern residential and retail spaces; this demand is driven by continued neighborhood revitalization and population growth. Notably, the property falls within the city's NRD-2 (Neighborhood Revitalization District) overlay. The NRD-2 overlay encourages redevelopment and enhanced urban density, making this an especially attractive opportunity for investors and developers seeking exposure to one of Miami's fastest growing and most culturally influential submarkets. Overall, the combination of extensive pre-development efforts, mixed-use flexibility, and strategic positioning makes this an exceptional opportunity for developers seeking scale and growth in Miami's urban core.
Positioned within a high-growth corridor, the area is characterized by strong demand for modern residential and retail spaces; this demand is driven by continued neighborhood revitalization and population growth. Notably, the property falls within the city's NRD-2 (Neighborhood Revitalization District) overlay. The NRD-2 overlay encourages redevelopment and enhanced urban density, making this an especially attractive opportunity for investors and developers seeking exposure to one of Miami's fastest growing and most culturally influential submarkets. Overall, the combination of extensive pre-development efforts, mixed-use flexibility, and strategic positioning makes this an exceptional opportunity for developers seeking scale and growth in Miami's urban core.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | ||
| Zoning | T5-L - PLANNED UNIT DEVELOPMENT | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.17 AC |
| Zoning | T5-L - PLANNED UNIT DEVELOPMENT |
1 Lot Available
Lot
| Price | $2,619,986 CAD | Lot Size | 0.17 AC |
| Price Per AC | $15,411,682.20 CAD |
| Price | $2,619,986 CAD |
| Price Per AC | $15,411,682.20 CAD |
| Lot Size | 0.17 AC |
Property Taxes
| Parcel Number | 01-3125-024-1500 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $734,160 CAD |
Property Taxes
Parcel Number
01-3125-024-1500
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$734,160 CAD
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