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    475 36Th St Miami, FL 33127

    For Sale
    $12,000,000

    Prime 30,685 SF development land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 30,685 square foot commercial land parcel presents a remarkable infill development opportunity in Miami's vibrant Midtown area. Located at 475 NW 36th St, Miami, FL 33127, this site benefits from a T6-8-O zoning designation, allowing for the construction of up to 12 stories and 150 units per acre for residential, hotel, office, or mixed-use developments. The recently implemented NRD-2 zoning overlay further enhances development potential. Leveraging the Live Local Act (LLA), developers can potentially achieve up to 20 stories and 250 residential units. This prime location sits at the northeastern edge of Wynwood Norte, offering unparalleled access to Miami's thriving Wynwood Arts District, Midtown Miami, and the Design District. Its strategic corner location on NW 5th Ave and NW 36th Street ensures high visibility and accessibility. The property's proximity to the I-195 exit, connecting to I-95, provides convenient access to major transportation arteries with approximately 140,000 daily vehicles passing by. The asking price for this exceptional development site is $12,000,000. This presents a unique chance to capitalize on Miami's dynamic real estate market and create a landmark project.

    Property Features for 475 36Th St

    General Information

    Property type
    Land

    HighLights

    • Exceptional 30,685 SF infill development site in Miami's Midtown, at 475 NW 36th St, Miami, FL 33127.
    • Prime location between Midtown, Wynwood, and the Design District, offering high visibility and accessibility.
    • High‑density Wynwood NRD‑2 zoning allows for up to 12 stories and 150 units per acre; Live Local Act potential for up to 20 stories and 250 residential units.
    • Excellent access to I‑195 and I‑95, with approximately 140,000 vehicles passing daily.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.203026629467
    Latitude
    25.810176833076

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    FAQs

    What type of property is this?
    Land - Prime 30,685 SF development land
    Where is this land located?
    The property is located at 475 36Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Exceptional 30,685 SF infill development site in Miami's Midtown, at 475 NW 36th St, Miami, FL 33127.; Prime location between Midtown, Wynwood, and the Design District, offering high visibility and accessibility.; High-density Wynwood NRD-2 zoning allows for up to 12 stories and 150 units per acre; Live Local Act potential for up to 20 stories and 250 residential units.
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    475 36Th St Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    475 36Th St Miami, FL 33127
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