Back to Search

Wynwood Norte Development Opportunity

321 NW 37th St, Miami, FL 33127

View on Map

For Sale

$600,000

5750 SF lot for mixed-use development in Wynwood Norte.

Type:Commercial/Industrial

Lot size:

0.13 Acres

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.
Located near the Design District, Midtown, Civic Center, and Downtown.
Lot coverage footprint of approximately 4,600 SF.
Billboard company handles property and liability insurance, and state taxes.

We can help!

Listing Contact

Steven Epstein

For Sale

$600,000

5750 SF lot for mixed-use development in Wynwood Norte.

Type:Commercial/Industrial

Lot size:

0.13 Acres

Added:: Feb 27, 2025
Days on Market:: 468
Last Refresh:: May 19 at 11:24 pm

Property Features for 321 NW 37th St

General Information

Standard status: Active
Lot size: 0.13 Acres
Property subtype: Commercial/Industrial

We can help!

Listing Contact

Steven Epstein

Listing agent Steven Epstein License #0348217

Listing office The Keyes Company

Listing date Feb 27, 2025

Source Exitrealty

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

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.
Located near the Design District, Midtown, Civic Center, and Downtown.
Lot coverage footprint of approximately 4,600 SF.
Billboard company handles property and liability insurance, and state taxes.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.202
Latitude: 25.8112

Nearby Similar for Sale

$960,000

4,012 SF

Miami Mixed-Use Investment Opportunity

Fully occupied mixed-use property with income and upside potential.

2618 NW 103rd St, Miami, FL 33147

View Details
$2,500,000

6,088 SF

Miami Office Buildings with Redevelopment Potential

Two office buildings with redevelopment potential in Miami, Florida.

3288 NW 36th St, Miami, FL 33142

View Details
$3,300,000

3,920 SF

Established Automotive Business on Calle 8

Successful automotive repair and tire shop in Westchester area.

8730 SW 8th St, Miami, FL 33174

View Details
$3,300,000

3,920 SF

Prime Westchester Commercial Property

Freestanding property on high-traffic street, ideal for retail.

8730 SW 8th St, Miami, FL 33174

View Details
$3,150,000

5,000 SF

Updated Two-Story Miami Office Building

Professional office building suitable for medical, real estate, or business.

9440 SW 77th Ave, Miami, FL 33156

View Details
$4,000,000

5,458 SF

Miami Riverfront Mixed-Use Opportunity

Corner commercial property with redevelopment potential in Miami's River corridor.

3300 NW South River Dr, Miami, FL 33142

View Details
$1,200,000

2,723 SF

Miami Commercial Building For Sale

Commercial building with flexible zoning in a prime Miami location.

2112 NW 36th St, Miami, FL 33142

View Details
$1,995,000

6,121 SF

Miami Warehouse Condo For Sale

Corner warehouse condo near Tamiami Airport and Amazon Distribution Center.

13275 SW 136th St, Miami, FL 33186

View Details
$1,350,000

4,040 SF

Miami Commercial Corner Lot Opportunity

Established auto repair business and property for sale in Miami.

11070 NW 17th Ave, Miami, FL 33167

View Details
$4,700,000

3,350 SF

Freestanding Commercial Building on 8th

Renovated mixed-use building on a high-visibility corner lot.

7101 SW 8th St, Miami, FL 33144

View Details
$11,000,000

12,406 SF

Miami River Commercial Opportunity

Rare mixed-use property near Miami River, ideal for various businesses.

3326 NW South River Dr, Miami, FL 33142

View Details
$500,000

1,626 SF

Operating Supermarket on High-Traffic Corner

Income-producing supermarket on a high-visibility corner lot.

1540 SW 22nd Ave, Miami, FL 33145

View Details

For sale
Commercial land
FL
Miami
33127
321 NW 37th St

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.