Property Description

Positioned in the vibrant heart of Wynwood Norte, aneighborhood distinguished by its rich tapestry ofstreet art, eclectic eateries, and dynamic nightlife,this multifamily building is a rare investmentopportunity priced at $2,400,000. Featuring eightone-bedroom, one-bath units, the propertyencapsulates the essence of urban living in Miamismost sought-after locale, steps away from the high-end shops of the Design District and the scenic allureof Miami Beach.The strategic importance of this investment isunderscored by the 2021 zoning overhaul led by theMiami City Commission, which introducedtransformative changes to Wynwood Norte. Theupdated zoning regulations permit a remarkabledensity of up to 150 units per acre, eliminatingprevious lot size density calculations and enablingexpansive building potential. This enhancement iscomplemented by revised NRD-2 zoning rules thatoffer significant parking requirement flexibilities inT4 and T5 zones, where buildings under 20,000square feet are exempt from parking requirements.This regulatory landscape promotes dense, infilldevelopment, aligning perfectly with Miamis visionfor this thriving district.Whether maintaining its current use or exploringredevelopment possibilities, this offering is anunparalleled chance to tap into Wynwood Nortesvibrant growth, making it an ideal acquisition forinvestors aiming to capitalize on Miamis premiercultural and entertainment hub.

Property Features