Description
Rare opportunity in the heart of Wynwood Norte, one of Miami's fastest-growing urban neighborhoods. Situated on an approximately 10,000 SF double lot and zoned T4-R with the NRD-2 Overlay, the property offers significant redevelopment potential, with the possibility to develop up to 36 residential units. The property is currently consists of two existing structures, including a two-story duplex and a separate single-family residence, creating immediate income-producing opportunities while future development plans are pursued. Investors may choose to continue operating the existing improvements, renovate and reposition the property for increased rental income, occupy one of the residences while generating income from the remaining units, or assemble neighboring parcels to create a larger-scale development opportunity. Located just minutes from Wynwood, Midtown Miami, the Design District, and major transportation corridors including I-95 and I-195, the property benefits from strong demand drivers, walkability, and continued public and private investment throughout the area. Whether acquired as a long-term land bank, an income-producing covered land play, a value-add renovation project, or a future multifamily development site, 255 NW 32nd Street offers investors and developers multiple paths to create value in one of Miami's most dynamic growth corridors.
Details
| MLS # | A12041715 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 58 |
| Listing Provided By | BZG International, LLC | Uccio Zecchini |
Features
| SQ Feet | 2,280 |
|---|---|
| Story(s) | 2 |
| Zoning | 3900 |
Exterior
| Lot Features | Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 15144 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 31 |
| Community Name | WYND WOOD PARK |
| Listing VS Median (in WYND WOOD PARK) | |
Price: $1,945,000 low | high Med: $1,175,000 sqft: 2,280 low | high Med: 1,800 $ / sqft: $853 low | high Med: $653 On site: 58 low | high Med: 112 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 31 |
| Community Name | WYND WOOD PARK |
| Listing VS Median (in WYND WOOD PARK) | |
Price: $1,945,000 low | high Med: $1,175,000 sqft: 2,280 low | high Med: 1,800 $ / sqft: $853 low | high Med: $653 On site: 58 low | high Med: 112 | |
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