Wynwood Norte Development
For Sale
$600,000
321 NW 37th St, Miami, FL 33127
5750 SF lot for mixed-use development in Wynwood Norte.
Lot Size0.13 Acres
Days on Market520
Property Features for 321 NW 37th St
General Information
Standard status
Active
Lot size
0.13 Acres
Property subtype
Commercial/Industrial
Listing Agency:
The Keyes Company
(305) 546-5132
Listed By:
Steven Epstein · License #0348217
(305) 546-5132
Source:
Exitrealty
Added: Feb 28, 2025
Changed: Jul 10
Last Checked: Aug 2 at 5:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
Investment Insights
Based on property information with market context.
This 5750 square foot lot in Wynwood Norte presents a development opportunity near the Design District, Midtown, Civic Center, and Downtown. Suited for developers, architects, builders, and investors, the property is zoned RDD2, located one block north of NW 36th Street off NW 3rd Avenue. The site allows for the construction of up to a six-story mixed-use commercial/residential building, subject to entitlements. The allowable density is 150 units per acre, with a lot coverage footprint of approximately 4,600 square feet. The property includes ingress and egress for a billboard company operating on a long-term ground lease with approximately 89 years remaining. The lessee covers state taxes, utilities, and a $2 million property and liability policy, with the lessor as a co-insured. The lessor is responsible for real estate taxes. The billboard revenue provides ongoing income during development and throughout the lease term, which extends to approximately September 30, 2114. The property is sold "AS-IS," and prospective buyers are expected to conduct their own due diligence. The value is in the buildable lot.
Key Highlights
- Prime development opportunity in Wynwood Norte (RDD2) with potential for up to 6‑story mixed‑use commercial/residential building.
- Large 5750 SF lot with a high density allowance of 150 units/acre.
- Existing long‑term ground lease (approximately 89 years remaining) provides ongoing billboard revenue during and after development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,804
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5750 SF lot for mixed-use development in Wynwood Norte.
Where is this commercial land located?
The property is located at 321 NW 37th St Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime development opportunity in Wynwood Norte (RDD2) with potential for up to 6‑story mixed‑use commercial/residential building.; Large 5750 SF lot with a high density allowance of 150 units/acre.; Existing long‑term ground lease (approximately 89 years remaining) provides ongoing billboard revenue during and after development.
