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- LoopNet Team
3128 NW 3rd
Miami, FL 33127
Wynwood Norte Covered Land (Build 16 Units) · Land For Sale
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0.11 AC
Investment Highlights
- Centrally located next to Wynwood, Midtown, Design District
- Build up to 16 units with no parking
Property Facts
Description
Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units—a front 4/2, a rear 1/1, plus an additional structure that can be converted into an efficiency as well. New central AC system. Market rent estimated at $5500 (long-term), yielding a 5%+ cap rate while you develop.
Property Taxes
| Parcel Number | 01-3125-024-0810 | Improvements Assessment | $120,388 |
| Land Assessment | $595,000 | Total Assessment | $715,388 |
Property Taxes
