535-585 NW 35th Street - Commercial LAND FOR SALE


Miami, FL 33127 41,025 SF
$14,000,000 USD
310-710-5080
535-585 NW 35th Street, Miami, FL for Sale
$14,000,000 USD
Commercial LAND - FOR SALE
1/9
41,025 SF

535-585 NW 35th Street
Miami, FL 33127


HIGHLIGHTS

  • Centrally Located Near Midtown, Wynwood And The Design District With Close Proximity To The I-195 And I-95
  • Great Opportunity For Infill Development And Live Local Play With Maximum Allowable Density Of 941 Units
  • Site Benefits From High Density Wynwood NRD-2 Zoning With Site Plans Approved For 141 units & 8 Stories

OVERVIEW

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of Wynwood 35 located at 535-585 NW 35th Street, Miami FL 33127. The subject property is a 41,025 SF infill development site zoned T5-O, permitting up to 5 stories plus an additional 3 with bonus and 150 residential units per acre by right. Approved uses include residential, hotel, office, and/or mixed use via bonus with the recently implemented NRD-2 zoning overlay. The site will be sold permit ready. As approved, the site allows for 141 units. However, the site represents a unique opportunity to capitalize on the Live Local Act (LLA) and to develop up to 20 stories and potentially fit 350 residential units. The LLA allows this site to utilize the maximum height within 1-mile which is T6-36-O allowing 36-stories pulled from nearby sites in Edgewater and Midtown. Furthermore, the maximum units per acre can be 1,000 and maximum FLR is 36, per the City of Miami LLA processes and procedures. The property consists of six folios and is strategically located on NW 35th Street between NW 5th Ave and NW 6th Ave, the northeastern corridor of Wynwood Norte, minutes away from Miami’s trendy Wynwood Arts District, Midtown Miami, and the Design District. Additionally, the site is highly accessible from the I-195 exit at North Miami Avenue which connects to the I-95, with an approximate 140,000 daily car traffic.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/ACRE

$14,865,082/AC

PRICE/SF

$341 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Wynwood 35 Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family, Apartment Units, Hotel

LAND ACRES

0.94 AC

LAND SF

41,025 SF

OFFSITE IMPROVEMENTS

Sewer, Electricity, Streets

ZONING

T5-O/ Wynwood NRD-2

APN/PARCEL ID

01-3125-020-0040

ASK ABOUT THIS PROPERTY

George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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