3123 NW 3rd Ave - 3rd Ave Wynwood Norte Assemblage 0.23 Acres of Residential Land Offered at $2,373,064 CAD in Miami, FL 33127

ASSEMBLAGE OPPORTUNITY! This property can be bought along with 287 nw 31st St (MLS#: A11732843, Asking $1.6M). PRICE IS FLEXIBLE. The 9,888 sqft assemblage, with the NRD-2 zoning overlay, provides the ability to build at a density of 150 units per acre, this means you can build up to 34 units as of right at the asking price of $75,000 per buildable unit. Strategically located just blocks away from Wynwood, Midtown, and the Design District, and flanked by I-95 and I-195, this is an ideal investment due to strong rental and housing demand driven by its proximity to jobs and major entertainment areas. Rent the property while you get approved to build. The models being done by local developers are condo conversions, workforce housing, or traditional apartment rentals. This lot is zoned T4-R which primarily is best used for building residential units, and the zoning overlay has uniquely flexible parking requirement (click on link to miami 21 zoning code). Wynwood Norte has become highly sought after by developers due to its affordability and unique location—less than 10 minutes from the beach, MIA Airport, and Brickell. Land in Wynwood is well over $350/sqft and in Wynwood Norte you can still enjoy sub $250/sqft prices, making this the perfect time to get in! We have sold multiple sites this year alone in this area - Call to get more information about the neighborhood, zoning, and even local bank financing!