145 NW 30th St - Wynwood One, Fully Entitled Development Site 0.48 Acres of Commercial Land Offered at $7,950,000 in Miami, FL 33127

DWNTWN Realty Advisors is pleased to exclusively present for sale Wynwood One (the "Property"), a 20,700 SF three-parcel assemblage located at 145 NW 30th Street in Wynwood Norte, Miami, FL 33127. The site comprises three contiguous parcels totaling 0.475 acres with 150 feet of street frontage, zoned T5-L / NRD-2 under the Wynwood Norte overlay. The Property is approved for a 70-unit mixed-use vertical project featuring four ground-floor retail bays delivered in warm vanilla shell, 37 parking spaces, and by-right STR capability. The site is fully assembled and currently contains two small single-family structures on its west portion.
Ownership has invested approximately $7.5 million in bringing the Property to its current near-permit-ready posture. Architecture has been advanced through schematic and design development by GGR Architects, with MKDA serving as architect of record. General contractor Grycon is near GMP-ready at approximately $21.5 million in direct hard costs. The Property has been advanced through the building, civil, and zoning permitting process to a near-permit-ready posture, with remaining pre-permit items administrative in nature and expected to be resolved within a few months of closing. Full details are available to buyers upon request. A buyer assumes the full design package, GMP-ready construction contract, and entitlement file at closing, materially compressing the development timeline relative to comparable Wynwood Norte sites.
The Property supports three execution paths: multifamily build-to-hold (primary), STR-by-right (secondary), and condo sell-out (tertiary). Per ONE Sotheby's Development Sales Division January 2026 pricing matrix, the 70-unit condo program supports a projected aggregate sellout of $67.6 million at a $1,206 PSF blended average. On the multifamily path, stabilized NOI of approximately $2.05 million implies a 5.60% buyer yield-on-cost at the asking price, with a projected five-year levered IRR of 14 to 16%.
The site occupies a strategic position within Wynwood Norte, a 207-acre multi-generational neighborhood centrally located within the Downtown Miami boundary, off Northwest 2nd Avenue and within minutes of the Wynwood Arts District, the Miami Design District, Edgewater, and the Shops at Midtown Miami. Against a backdrop of $2 billion in delivered and under-construction development across Wynwood since 2023, and with large-format contiguous assemblages increasingly scarce, 145 NW 30th Street represents a rare, permit-pathway entry into one of Miami's most supply-constrained boutique development markets.