2830 NW 5th Ave - Freestanding FOR SALE


Miami, FL 33127
$11,900,000 USD
305-571-9991
2830 NW 5th Ave, Miami, FL for Sale
$11,900,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

2830 NW 5th Ave
Miami, FL 33127


OVERVIEW

Metro 1 Commercial exclusively presents for sale the property located at 2830 NW 5 Avenue, Miami, FL (“The Property”), with 17,160 SF of land zoned T6-8 O NRD-1 Zoning, which allows for up to 12 stories with bonuses, 89-unit/177-keys, and 164,736 buildable SF. This site provides a unique opportunity to develop a mixed-use project with multi-family, condos, hotel, office, and retail in Wynwood, one of the world’s coolest neighborhoods according to Google, Vogue & Forbes. The Property is ideally located along 5 Avenue along NW 29 Street. The Property benefits from its T6-8 O NRD-1 Miami 21 zoning designation, which allows for a wide variety of permitted uses by right including residential, lodging, commercial, office, civic and educational. The by-right residential density is 150 units per acre with a maximum of 225 units per acre permitted via bonus, which equates to 89 units / 177 keys, and 8 stories by-right, 12 stories with bonuses.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

14,000 SF Bldg + 89 Unit / 177 Key Dev. Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,160 SF

ZONING

C-2

APN/PARCEL ID

01-3125-024-2600

ASK ABOUT THIS PROPERTY

Andres NavaMetro 1 CommercialMore Info
305-571-9991

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Andres NavaMetro 1 CommercialMore Info
305-571-9991

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