321 NW 37 ST Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224065317
Style High Rise,Mid Rise
HOA Y/N No
Year Built 1900
Annual Tax Amount $9,077
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Prime Development Opportunity in Wynwood Norte RDD2!
Attention Developers, Architects, Builders, and Investors: New Price: $800,000. Seize this rare opportunity in the thriving Wynwood Norte Redevelopment District, Zoned T-6-8-O! This prime location is just one block north of NW 36th St off NW 3rd Ave, adjacent to The Design District and Midtown. The property boasts excellent visibility with a billboard on the northeast corner facing I-195 Off Ramp and State Rd 112 Expressways. Note: the billboard lease is to be assumed by the buyer and is not included in the sale.
The zoning and development potential are immense: you can build up to 8 stories by right, and with entitlements and permitting, there is potential for up to 12 stories. The density is set at 150 units per acre, allowing for approximately 40-60 units, be it residential, hotel, or mixed-use commercial, with 80% lot coverage. The liberal Miami-21 zoning supports a wide range of possibilities, including mixed-use commercial/residential/hotel units, ground floor office/commercial uses, live-work buildings, workforce housing, art galleries, food service establishments, general commercial ventures, inns, hotels, motels, bed & breakfasts, as well as recreational, educational, pre-school, research, and religious facilities.
An exciting additional opportunity is available with the adjacent property at 331 NW 37th St, which offers 5,750 Sq Ft and is listed at $1.5M. This property includes an existing 1-story residential structure that is tenant-occupied. Combining both properties would result in a total of 11,500 Sq Ft redevelopment site, amplifying the potential for your vision.
Financials are available upon signing a Non-Disclosure Agreement (NDA). This property is sold “AS-IS,” with cash offers only. Buyers are to perform their own due diligence. Please note: drive by only, and do not disturb the occupants.
This is your chance to shape the future of Wynwood Norte! Make your highest and best offer today and bring your vision to life in one of Miami’s most dynamic and rapidly evolving neighborhoods. Contact us now for more details!
Location
State FL
County Miami-dade
Area Oa01 - Out Of Area
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Waterfront No
Waterfront Description None
Garage No
Building
Entry Level Three Or More
Architectural Style High Rise,Mid Rise
Level or Stories Three Or More
Others
Senior Community No
Tax ID 01-3124-002-1350