Listing Summary
34-Unit Development Assemblage in Wynwood Norte, Miami
Full Description
Fausto Commercial presents a strategic 9,888 sqft land assemblage in the heart of Wynwood Norte. Positioned within the NRD-2 zoning overlay, this site offers a high-yield development opportunity with the capacity to build 34 units "as of right" at an attractive cost basis of $71,000 per buildable unit.
Investment Highlights
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High-Density Potential: Zoned T4-R with an NRD-2 overlay, the site allows for a density of 150 units per acre.
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Cost-Efficient Positioning: Secure land in the rapidly appreciating Wynwood Norte corridor for sub-$250/sqft, compared to $350+/sqft in adjacent Wynwood.
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Strategic Location: Situated blocks from Wynwood, Midtown, and the Design District, with immediate access to I-95 and I-195. The site is less than 10 minutes from Brickell, MIA Airport, and Miami Beach.
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Flexibility & Income: Generate immediate rental income while securing entitlements. The zoning features uniquely flexible parking requirements, significantly reducing construction costs.
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Proven Demand: Ideal for diverse development strategies, including workforce housing, condo conversions, or traditional apartment rentals, all backed by strong local employment and entertainment demand.
Property Specifications
| Feature |
Details |
| Total Area |
9,888 sqft (Assemblage) |
| Zoning |
T4-R (NRD-2 Overlay) |
| Build Capacity |
Up to 34 units (as of right) |
| Pricing Metric |
$71,000 per buildable unit |
| Market Value |
Sub-$250/sqft |
As Wynwood Norte continues to evolve into a primary residential hub, this assemblage offers the perfect entry point for developers looking to maximize returns in one of Miami’s most sought-after growth corridors.
Quick Glance
- Listing ID:
CL-Florida-25168
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
2,688 SqFt