2721-2727 NW 1st ave - Commercial LAND FOR SALE


Miami, FL 33127 11,299 SF
$8,475,000 USD
305-507-7098
2721-2727 NW 1st ave, Miami, FL for Sale
$8,475,000 USD
Commercial LAND - FOR SALE
1/5
11,299 SF

2721-2727 NW 1st ave
Miami, FL 33127


HIGHLIGHTS

  • 39 Allowable Residential Units
  • 78 Allowable Lodging Units

OVERVIEW

Development site for sale, in Wynwood’s Northeast Quadrant. The subject property offers developers with a unique opportunity to acquire a corner site in one of Miami’s fastest growing corridors. Situated within Wynwood’s NRD-1 zoning overlay, the property provides an opportunity for Buyers to join a successful roster of neighboring developers such as Related Group, Lennar, and the Kushner Companies. The corner lot offers developers with the ability to develop residential, commercial, or hospitality driven projects. Currently, the site allows for the development of up to 8 stories (with bonuses), 39 residential units, or 78 hotel keys as of right. Alternatively, the site can also be developed as a commercial project that accommodates Office or Hospitality driven projects.The sale may also include the plans and intellectual property for a proposed 37-unit luxury residential condo project that is close to being fully approved and permitted. Additionally, its location offers immediate access to major transportation arteries and public transportation. Overall, this property presents an exciting opportunity for developers looking to enter the Wynwood market and would like to take advantage of the area’s thriving environment. Opportunity to assemble next door lot for a total of 16,950 SF.

FOR SALE DETAILS

PRICE

$8,475,000 USD

PRICE/ACRE

$32,670,000/AC

PRICE/SF

$750 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2721-2727 NW 1st Ave

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use

LAND ACRES

0.26 AC

LAND SF

11,300 SF

OFFSITE IMPROVEMENTS

-

ZONING

T5-O Wynwood NRD 1

APN/PARCEL ID

01-3125-029-0800,01-3125-029-0810,01-3125-029-0820

ASK ABOUT THIS PROPERTY

Alfredo RiascosGridline PropertiesMore Info
305-507-7098

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Alfredo RiascosGridline PropertiesMore Info
305-507-7098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.