Marcus & Millichap is excited to present a prime investment opportunity in the heart of Wynwood: The Wynwood Mixed-Use Land Portfolio. This offering consists of approximately 92,145 square feet of strategically grouped land parcels, each with distinct development potential. This unique portfolio offers flexibility for investors, as it can be acquired in its entirety or by in dividual parcels. Whether you're looking to capitalize on the full potential of the combined 92,145 square feet or target specific assets to align with your investment strategy, this offering provides the versatility to suit a range of investor goals. The Wynwood Mixed-Use Land Portfolio is divided into five mini portfolios, each offering unique value for savvy investors:
Portfolio #1: Restaurant /Lounge Concept
This 27,570-square-foot parcel includes existing structures ideal for repositioning as a high-end restaurant/lounge. The development plans include expanding the indoor dining space to 3,090 square feet, accommodating 40 indoor seats and approximately 110 outdoor seats.
Portfolio #2: Townhouse Development
Spanning 46,550 square feet, this land is designated for a townhouse development. Preliminary plans for the project are outlined in Section Four of the Offering Memorandum, providing an investor with a ready-to-execute residential development plan in one of Miami’s most dynamic areas.
Portfolio #3: Co-Living Development – Commons Buena Vista
The project totaling 38,000-square-foot is slated for the development of a 66-unit co-living project, a rapidly growing asset class.
Portfolio #4: Short-Term Rental Homes
Two single-family homes on a combined 0.24-acre parcel are currently being utilized as short-term rentals, generating steady cash flow. Investors can maintain the income stream or redevelop the land to capitalize further on Wynwood's booming short-term rental market.
Portfolio #5: Single-Family Home
This single-family property, located across the street from Portfolio #1, offers additional flexibility. It is currently leased at $53,940 annually but could be integrated into the adjacent restaurant/lounge development (portfolio #1) for expanded dining or event space. Alternatively, it could remain as a single-family residence, contributing to the portfolio’s diversified revenue streams.
Why Invest?
The Wynwood Mixed-Use Land Portfolio offers a rare chance to invest in a market with significant barriers to entry, ensuring long-term growth and appreciation. Whether you' re looking to develop residential projects, expand hospitality offerings, or capitalize on short-term rental income, this portfolio provides a dynamic range of options in one of Miami’s most sought-after areas.