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127-135 NW 24th st - Well Located Wynwood Parking Lot With Income 0.33 Acres of Residential Land Offered at $8,500,000 in Miami, FL 33127
INVESTMENT HIGHLIGHTS
- Prime Wynwood Development Site Totaling 14,500 Square Feet
- Located In The Heart Of Miami’s Premier Arts And Entertainment District
- Highly Desirable T5-O Zoning Allowing Up To 5 Stories Of Mixed-Use Development
- Fully Licensed and Compliant Parking Lot with Significant Parking Income
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 127–135 NW 24th Street, a 14,500- square-foot development site in the heart of Wynwood. Zoned T5-O within the Wynwood NRD-1 overlay, the site permits 5 stories by right and up to 8 stories with NRD-1 bonus. This equates to approximately 72,500 buildable square feet by right (14,500 × 5) and 116,000 buildable square feet with bonus (14,500 × 8). Residential density is approximately 150 units per acre (~50 units) by right or 225 units per acre (~75 units) with NRD-1 bonus. Hotel density allows up to 225 keys per acre (~75 keys). The zoning supports a wide range of mixed-use development including residential, retail, office, and hotel uses. Located directly on NW 24th Street, the property is surrounded by some of Wynwood’s most notable retail, hospitality, and cultural attractions.
PROPERTY FACTS
| Price | $8,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | ||
| Zoning | T5-O - Allowing Up To 5 Stories Of Mixed-Use Development | ||
| Price | $8,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.36 AC |
| Zoning | T5-O - Allowing Up To 5 Stories Of Mixed-Use Development |
1 LOT AVAILABLE
Lot
| Price | $8,500,000 | Lot Size | 0.33 AC |
| Price Per AC | $25,535,187.49 |
| Price | $8,500,000 |
| Price Per AC | $25,535,187.49 |
| Lot Size | 0.33 AC |
Prime 14,500 SF Wynwood development site zoned T5-O, allowing mixed-use up to 8 stories with NRD-1 bonus. Surrounded by premier retail, dining, and cultural attractions, offering unmatched visibility in Miami’s vibrant arts district.
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $6,140,750 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,140,750
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127-135 NW 24th st - Well Located Wynwood Parking Lot With Income
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