3123 NW 3rd Ave Miami, FL 33127

Listing office Fausto Commercial Realty Consultants v*@faustocommercial.com Show Phone

Listing date Nov 27, 2025

Source Elliman

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Investment Insights

Based on property information with market context.

This property presents an assemblage opportunity and can be purchased with an adjacent property. The T-4R property features NRD-2 Zoning Overlay, allowing for a density of 150 units per acre, potentially accommodating up to 34 units. The location is near Wynwood, Midtown, and the Design District, with proximity to I-95 and I-195. The property is positioned to benefit from rental and housing demand due to its location near employment centers and entertainment venues. The property can be rented while obtaining building approvals. Local developers are pursuing condo conversions, workforce housing, and traditional apartment rentals in the area.

Key Highlights

• Assemblage opportunity: Can be bought with adjacent property (287 NW 31st St).
• High‑density zoning: T‑4R with NRD‑2 overlay allows up to 34 units as of right and a density of 150 units per acre.
• Strategic location: Blocks from Wynwood, Midtown, and the Design District.

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FAQs

What type of property is this?

Commercial land - T-4R property near Wynwood, Midtown, and Design District.

Where is this commercial land located?

The property is located at 3123 NW 3rd Ave Miami, FL.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Assemblage opportunity: Can be bought with adjacent property (287 NW 31st St).; High‑density zoning: T‑4R with NRD‑2 overlay allows up to 34 units as of right and a density of 150 units per acre.; Strategic location: Blocks from Wynwood, Midtown, and the Design District.