Back to Search

Wynwood Corner Lot Opportunity

203 NW 35th St Miami, FL 33127

203 NW 35th St, Miami, FL, 33127

$1,350,000

For Sale

$1,350,000

Dual-address corner lot in Wynwood North with income potential.

Property Size1,590 SF

Lot Size0.11 Acres

Price / SF$849.06

AddedMar 24

Days on Market114

Last RefreshJul 14 at 4:53 pm

Property Features for 203 NW 35th St

General Information

Standard status: Active
Size: 1,590 SF
Lot size: 0.11 Acres
Property subtype: Commercial

Building Details

Year Built: 1936

Listing office RE/MAX Advance Realty

Listing date Mar 24, 2026

Source Elliman

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 RE/MAX Advance Realty

Investment Insights

Based on property information with market context.

This corner lot, featuring dual addresses at 203 NW 35 St & 3510 NW 2nd Ave, presents an investment opportunity in Wynwood North, situated steps from MidTown. The 5,000 SF lot is zoned T5-O and includes a 1,590 SF structure divided into two legal units. The front commercial unit is currently rented NNN for $4,000 per month. The rear unit, featuring a 3/2 layout, is vacant and has the potential to be rented for $3,500 per month or generate up to $10,000 per month on Airbnb. The zoning allows for a mix of uses, including multifamily, retail, office, and short-term rentals. The corner exposure provides visibility and branding potential. This property is suitable for cash flow, redevelopment, or long-term land banking.

Key Highlights

Prime corner lot location in Wynwood North, steps from MidTown
Zoned T5‑O, allowing for diverse development options: multifamily, retail, office, and short‑term rentals
Dual‑address property with income‑producing potential from two legal units

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.6k	$51.96
− Vacancy	−$8.5k	−$5.35
EGI	$74.1k	$46.61
− OpEx	−$22.2k	−$13.98
NOI	$51.9k	$32.63

1,590 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$741.1K

$648.4K – $864.6K (±1% cap)

NOI $51,875 @ 7.0% cap · market cap 3.84%

Second Best

Mixed Use

$536.6K

$469.6K – $626.1K (±1% cap)

NOI $37,564 @ 7.0% cap · market cap 2.78%

Theoretical Best

Specialty Retail

$1.07M

$939.1K – $1.25M (±1% cap)

NOI $75,128 @ 7.0% cap · market cap 5.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

S&E Roofing Services Roofing Company

Suggested Use

Similar For Sale Nearby

$3,300,000

3,920 SF

Freestanding Automotive Repair Property

Freestanding tire shop on SW 8th Street with BU-2 zoning for mixed-use residential and retail possibilities.

8730 SW 8th St, Miami, FL 33174

View Details
$3,300,000

3,920 SF

Automotive Repair and Tire Shop

For-sale turnkey auto repair and tire business with a 3,920 SF building on a BU-2 zoned commercial lot.

8730 SW 8th St, Miami, FL 33174

View Details
$1,159,999

3,000 SF

Divisible Retail Storefront

Retail space zoned for retail use with flexible month-to-month occupancy and the ability to operate as two separate units.

2151 SW 8th St, Miami, FL 33135

View Details
$1,400,000

2,190 SF

Corner Class A Medical Office Suite

Class A corner suite with dedicated parking and multiple private offices plus conference and open work areas.

8501 SW 124th Ave, Miami, FL 33183

View Details
$1,200,000

2,723 SF

Stand-Alone Automotive Service Building

Standalone automotive service building with air-conditioned workspace and room for parking or storage on a zoned mixed-use site.

2112 NW 36th St, Miami, FL 33142

View Details
$1,125,000

2,300 SF

Redevelopment Office Land Site

Zoned T6-8-O redevelopment site with an existing office building and on-site parking.

470 NW 22nd Ave, Miami, FL 33125

View Details
$1,900,000

Medical Office Complex with Parking

Two adjacent office buildings plus a back 2/1 home offer flexible medical, rehab, or general office uses.

3288 NW 36th St, Miami, FL 33142

View Details
$1,900,000

Medical Office and Rehab Campus

A multi-building Miami healthcare site with existing office/medical use and redevelopment flexibility for apartments, retail, or office.

3270 NW 36th St, Miami, FL 33142

View Details
$2,400,000

Freestanding Industrial Flex with Fenced Yard

Freestanding industrial/flex building with fenced yard and on-site parking, delivered vacant at closing for owner use or leasing.

651 NW 106th Street, Miami, FL 33150

View Details
$5,300,000

Second-Generation Freestanding Restaurant

Turnkey freestanding restaurant with partially equipped kitchen, dining/bar layout, and outdoor gazebo service window.

45 NW 22nd Ave, Miami, FL 33125

View Details
$8,999,900

Supermarket Business and Real Estate

Thriving supermarket, restaurant, bakery, and real estate for sale.

1305 SW 8th St, Miami, FL 33135

View Details
$1,750,000

Medical Office Condominium Corner Unit

Turnkey 2nd-floor corner unit with exam rooms, operating room, and ample assigned parking in a healthcare-focused professional park.

7765 SW 87th Ave, Miami, FL 33173

View Details

For sale
Mixed-use properties
FL
Miami
33127
203 NW 35th St

What type of property is this?

Mixed-use property - Dual-address corner lot in Wynwood North with income potential.

Where is this mixed-use property located?

The property is located at 203 NW 35th St Miami, FL.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Prime corner lot location in Wynwood North, steps from MidTown; Zoned T5‑O, allowing for diverse development options: multifamily, retail, office, and short‑term rentals; Dual‑address property with income‑producing potential from two legal units