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Prime Wynwood Norte Development Opportunity 527 Nw 34th St 1 Unit Apartment Building $2,070,000 ($2,070,000/Unit) Miami, FL 33127
Investment Highlights
- Prime Location Between Wynwood, Midtown, And Miami Design District, Near I-195
- Covered Land Play With Existing Triplex Generating $5,000/Month Income
- High-Density Wynwood NRD-2 Zoning: 150 Units/Acre, Up To 8 Stories, Mixed-Use Potential
Executive Summary
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 527 NW 34th Street, Miami, FL. The property consists of a 2,732 SF triplex on a 7,150 SF lot, generating $5,000/month in income. Zoned T5-O, the site allows for 24 units across 5 stories by right, plus 3 additional stories through the Wynwood Norte NRD-2 overlay, with commercial permitted at the ground level. This offering is best positioned as a covered land play, providing investors with immediate cash flow and a prime opportunity to capitalize on high-density redevelopment potential. The site is located within the bounds of the Wynwood Norte neighborhood, just a few blocks from the heart of Midtown and a short distance to the entrance of both Wynwood and the Design District. It also benefits from immediate access to the I-195 on-ramp, which connects directly to I-95. The property falls within the Wynwood Norte NRD-2 overlay and carries T5-O zoning, allowing for up to 150 residential units per acre and five stories by right, with up to three additional stories available via bonus density.
Property Facts
| Price | $2,070,000 | Building Class | C |
| Price Per Unit | $2,070,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,732 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T5-O - mixed use | ||
| Price | $2,070,000 |
| Price Per Unit | $2,070,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,732 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 2/1,000 SF |
| Zoning | T5-O - mixed use |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | 2,732 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 01-3125-021-0210 | Improvements Assessment | $106,592 |
| Land Assessment | $1,001,000 | Total Assessment | $1,107,592 |
Property Taxes
Parcel Number
01-3125-021-0210
Land Assessment
$1,001,000
Improvements Assessment
$106,592
Total Assessment
$1,107,592
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Prime Wynwood Norte Development Opportunity | 527 Nw 34th St
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