3340 NW 36th St - WOW DISTRICT DEVELOPMENT COVERD LAND 0.77 Acres of Commercial Land Offered at $3,900,000 in Miami, FL 33142

Welcome to the Melrose Redevelopment, a premier investment opportunity located along the high-traffic NW 36th Street corridor — right between Allapattah and the Palmer Lake District. The offering includes two contiguous lots totaling approximately 34,000 square feet — or 0.77 acres — zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. But here’s the value-add: the site already produces approximately $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That gives you a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and you’re looking at serious upside. Just 2.5 miles from Miami International Airport, and minutes from Wynwood, Downtown, and the Health District — this site is positioned at the intersection of convenience and growth. Whether you land bank, entitle, or go vertical — Melrose checks every box.