Description

The lowest-priced covered land play in the coveted Wynwood Norte, this prime investment property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, expandable to 18 with a 10% variance, all without parking requirements. That’s around only $50K a door in one of the hottest areas in Miami. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units—a front 3/2 plus den, and a rear 1/1. An additional structure can be converted into an efficiency as well. New central AC system. The property will be delivered vacant, with market rent estimated at $4800 (long-term) or $6500 (short-term). Cash offers only, quick close preferred. Do not disturb tenants, contact agent for more info.