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    2210 1St Ct Miami, FL 33127

    For Sale
    $8,400,000

    Prime Wynwood Land, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 16,430-square-foot commercial land parcel presents a remarkable infill development opportunity in Miami's vibrant Wynwood neighborhood. Located at 2210 NW 1st Ct, Miami, FL 33127, this property is zoned Wynwood NRD T5-O, allowing for a variety of high-density development options. Currently operating as a parking lot, the site is ideally suited for mixed-use construction, potentially including multi-family residential units (57-85 units with bonus, or up to 94 units with the Live Local Act), or a hotel (113-170 keys). The existing parking stackers must remain accessible. The site benefits from its strategic location directly adjacent to the Wynhouse, a 308-unit project slated for completion in Q1 2025, and just two blocks east of NW 2nd Avenue, a major Wynwood thoroughfare with 8,000 vehicles per day. This location places the property within a dynamic area experiencing significant growth, with 28 ongoing development projects totaling over 3,200 residential units, nearly 200 hotel rooms, and substantial office and retail space. The Live Local Act presents an opportunity for increased density and the development of affordable housing, further enhancing the property's potential. This is a rare chance to acquire a prime development site in one of Miami's most sought-after neighborhoods. The asking price is $8,400,000.

    Property Features for 2210 1St Ct

    General Information

    Property type
    Land

    HighLights

    • Adjacent to the 308‑unit Wynhouse development (Q1 2025 delivery).
    • Potential upzoning via the Live Local Act.
    • Located in a vibrant, creative, infill neighborhood with New Urbanist characteristics.
    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
    -80.198009
    Latitude
    25.798314

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    FAQs

    What type of property is this?
    Land - Prime Wynwood Land, Mixed-Use Potential
    Where is this land located?
    The property is located at 2210 1St Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $8,400,000.
    What are key features of this property?
    This property features: Adjacent to the 308-unit Wynhouse development (Q1 2025 delivery).; Potential upzoning via the Live Local Act.; Located in a vibrant, creative, infill neighborhood with New Urbanist characteristics.
    (786) 333-7199
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    2210 1St Ct 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
    2210 1St Ct Miami, FL 33127
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