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Wynwood Norte Development Opportunity
For Sale
$1,300,000

161 NW 35th Street, Miami, FL 33127

Land with T5-L zoning, ideal for urban development.

Property SizeContact for details
Days on Market634

Property Features for 161 NW 35th Street

General Information

Standard status Active
Property subtype Unimproved Land

Taxes and HOA fees

Annual Taxes $19,737
Listing Agency: FGI Realty
Listed By: Clara Ines Fernandez · License #3271984
Source: Silverleafrealtygroup
Added: Nov 29, 2024 Changed: Aug 23 Last Checked: Aug 25 at 11:10AM

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 FGI Realty

Investment Insights

Based on property information with market context.

This property presents an opportunity for investors and developers to create an urban project of up to 5 stories. The land benefits from T5-L zoning, situated in Wynwood Norte. The location is within walking distance of Midtown Shops, the Design District, Brickell, Wynwood Art Walls, restaurants, and bars. It is also a 15-minute drive to Miami International Airport and Miami Beach, with access to I-95 and I-395. The T5 zoning allows up to 150 units per acre. The property includes a renovated single-family home with 3 bedrooms and 2 bathrooms on a 5,000 sq.ft. lot, which can be rented. Additionally, there are two efficiencies at the back of the house with private entrances, which are currently rented.

Key Highlights

  • Prime T5‑L zoning allows for development of up to 5 stories, offering significant urban project potential.
  • Excellent location in Wynwood Norte, within walking distance of Midtown Shops, Design District, Brickell, Wynwood Art Walls, restaurants, and bars.
  • Opportunity to assemble more lots to maximize the T5 zoning, potentially allowing up to 150 units per acre.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Mobile Phone Store Buffet Restaurant Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,777
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Land with T5-L zoning, ideal for urban development.
Where is this commercial land located?
The property is located at 161 NW 35th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime T5‑L zoning allows for development of up to 5 stories, offering significant urban project potential.; Excellent location in Wynwood Norte, within walking distance of Midtown Shops, Design District, Brickell, Wynwood Art Walls, restaurants, and bars.; Opportunity to assemble more lots to maximize the T5 zoning, potentially allowing up to 150 units per acre.
More about this property
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