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266 NW 32nd St
Miami, FL 33127 Wynwood

$1,200,000 USD

Land For Sale  •  0.16 AC

Property Details

  • Property Type Land
  • Lot Size 0.16 AC
  • Zoning T4-R
70 Transit Score
90 Walk Score

Description

Development Opportunity in North Wynwood Oversized 7,100 SF lot zoned T4-R presents an exceptional investment and redevelopment opportunity within Miami’s Neighborhood Revitalization District (NRD-2). Ideally located within walking distance of Midtown’s shops, restaurants, and entertainment, the property offers potential development of up to 24 residential units across three stories with street parking, subject to NRD-2.The existing property can generate approximately $52,800 in annual rental income.

Highlights

T4-R zoning within NRD-2 overlay allowing up to 24 residential units by right
Located within walking distance of Wynwood, Midtown, and the Design District for high tenant demand.
No parking requirement enhances design flexibility and reduces development costs
The existing property can generate approximately $52,800 in annual rental income.

Public Transportation

Commuter RailDriveWalkDistance
Allapattah (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 4 min - 1.1 mi
Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 5 min - 1.6 mi
AirportDriveWalkDistance
Miami International 22 min - 9.8 mi
Fort Lauderdale/Hollywood International 32 min - 21.6 mi
Milady Naranjo 786-449-0023 Julies Realty, LLC
Milady Naranjo 786-449-0023 Julies Realty, LLC