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591 NW 34th St - Wynwood Norte Build-Ready Site 0.11 Acres of Commercial Land Offered at $1,100,000 in Miami, FL 33127

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INVESTMENT HIGHLIGHTS

Fully approved plans; impact fees only = Faster time to construction & cash flow; de-risked approvals
Rooftop + gym equals Rent premiums and competitive differentiation
Prime urban connectivity (I-95/I-195; high walkability) = Easier logistics, stronger absorption

Boutique 17-unit mix (12×2/1, 5×1/1) Broad renter appeal & efficient operations
Current income (~$3,500/mo) = Offsets carry during pre-start period
Surrounded by major developments = Proof of market momentum & supported exit values

EXECUTIVE SUMMARY

This fully approved development site in Wynwood Norte offers a rare opportunity to build a boutique 17-unit apartment building in one of Miami’s most dynamic neighborhoods. The project includes twelve two-bedroom units and five one-bedroom units, designed with premium amenities such as a rooftop terrace and fitness center. With plans approved and only impact fees remaining, this site is ready for immediate execution, providing a fast track to capitalize on Miami’s surging rental demand. The property is currently income-producing at $3,500 per month, adding near-term cash flow while development plans are finalized.

Brochure 591 NW 34 ST-RDP

PROPERTY FACTS

Price	$1,100,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily
No. Lots	1	Total Lot Size	0.11 AC
Property Type	Land
Zoning	R2 - T5-O, NRD-2 overlay

Price	$1,100,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily
Total Lot Size	0.11 AC
Zoning	R2 - T5-O, NRD-2 overlay

1 LOT AVAILABLE

Lot 1

Price	$1,100,000	Lot Size	0.11 AC
Price Per AC	$10,231,511.19

Price	$1,100,000
Price Per AC	$10,231,511.19
Lot Size	0.11 AC

Start construction, not a permitting saga. 591 NW 34 St comes fully approved for a boutique 17-unit apartment building (12 two-bed/one-bath + 5 one-bed/one-bath) with only impact fees left to pay.

DESCRIPTION

Strategically located just minutes from Midtown, Edgewater, Brickell, and the Design District, the site benefits from exceptional connectivity via I-95 and I-195, offering easy access to Miami Beach, Downtown, and the airport. Wynwood Norte is experiencing rapid growth fueled by new developments, vibrant cultural venues, and strong walkability scores. Surrounded by art galleries, trendy boutiques, and acclaimed dining, this location appeals to both residents and investors seeking long-term upside. With an estimated resale value of $6M ($352K per unit), this property represents a compelling investment in Miami’s urban core.