Commercial Land
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For Sale
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90 NW 32nd Street, Miami, FL 33127
Multi-parcel site with three-street frontage and multifamily density under existing zoning.
Property SizeContact for details
Days on Market5
Property Features for 90 NW 32nd Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
DWNTWN Realty Advisors
Listed By:
Devlin Marinoff · License #3401802
(305) 909-7343
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 3:47AM
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 DWNTWN Realty Advisors
Investment Insights
Based on property information with market context.
This 7-parcel commercial land assemblage encompasses 42,957 SF, or 0.986 AC, at 90 NW 32nd Street and additional addresses on NW 31st Street and NW 1st Avenue in Miami. The property includes a handful of older structures and wraps the block with frontage on three streets. It is zoned T4-R within the Wynwood Norte NRD-2 and supports 148 residential units at an allowed density of 150 units per acre under the existing zoning framework.
The offering includes a Modis Architects concept study depicting a T5-O rezoning scenario with one eight-story building, 100,025 SF of leasable area, and a 148-unit program comprising 55 studios, 42 one-bedroom units, and 51 two-bedroom units. The study also shows a rooftop pool deck and resident lounge areas. No rezoning application has been filed. The site lies within a designated Transit Corridor area and may qualify for a 30% parking reduction by waiver. The proposed transaction uses a reverted land structure in which the buyer acquires multifamily air rights while the seller retains the retail and office component.
The offering includes a Modis Architects concept study depicting a T5-O rezoning scenario with one eight-story building, 100,025 SF of leasable area, and a 148-unit program comprising 55 studios, 42 one-bedroom units, and 51 two-bedroom units. The study also shows a rooftop pool deck and resident lounge areas. No rezoning application has been filed. The site lies within a designated Transit Corridor area and may qualify for a 30% parking reduction by waiver. The proposed transaction uses a reverted land structure in which the buyer acquires multifamily air rights while the seller retains the retail and office component.
Key Highlights
- 7‑parcel assemblage totaling 42,957 SF (0.986 AC)
- Supports 148 residential units at 150 units per acre under existing T4‑R zoning
- Frontage on NW 31st Street, NW 32nd Street, and NW 1st Avenue
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Multi-parcel site with three-street frontage and multifamily density under existing zoning.
Where is this commercial land located?
The property is located at 90 NW 32nd Street Miami, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 7‑parcel assemblage totaling 42,957 SF (0.986 AC); Supports 148 residential units at 150 units per acre under existing T4‑R zoning; Frontage on NW 31st Street, NW 32nd Street, and NW 1st Avenue
