Wynwood Development Site For
For Sale
Contact for pricing
535 NW 35th St, Miami, FL 33127
41,025 SF development site in Wynwood Norte.
Property SizeContact for details
Lot Size0.94 Acres
Days on Market716
Property Features for 535 NW 35th St
General Information
Standard status
Active
Lot size
0.94 Acres
Property subtype
Land
Zoning
T5-O
Listing Agency:
DWNTWN Realty Advisors
(310) 710-5080
Listed By:
Wilson Alers · License #BK3205745
Source:
Crexi
Added: Aug 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:12AM
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 41,025 square foot infill development site is located at 535-585 NW 35th Street, Miami, FL 33127. Zoned T5-O, the property permits up to 5 stories, plus an additional 3 with bonus, and 150 residential units per acre by right. Approved uses include residential, hotel, office, and mixed-use via bonus with the recently implemented NRD-2 zoning overlay. The site will be sold permit-ready, allowing for 141 units as approved. The site offers the opportunity to capitalize on the Live Local Act (LLA) and potentially develop up to 20 stories and 350 residential units. The LLA allows the site to utilize the maximum height within 1 mile, which is T6-36-O, allowing 36 stories pulled from nearby sites in Edgewater and Midtown. Furthermore, the maximum units per acre can be 1,000, and the maximum FLR is 36, per the City of Miami LLA processes and procedures. The property consists of six folios and is strategically located on NW 35th Street between NW 5th Ave and NW 6th Ave, the northeastern corridor of Wynwood Norte, minutes away from Miami’s trendy Wynwood Arts District, Midtown Miami, and the Design District. The site is highly accessible from the I-195 exit at North Miami Avenue, which connects to I-95, with approximately 140,000 daily car traffic.
Key Highlights
- Significant development potential with the Live Local Act (LLA) allowing for up to 20 stories and potentially 350 residential units.
- Permit‑ready site approved for 141 units, offering immediate development opportunity.
- Zoned T5‑O with NRD‑2 overlay, permitting residential, hotel, office, and/or mixed‑use development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,320
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 41,025 SF development site in Wynwood Norte.
Where is this commercial land located?
The property is located at 535 NW 35th St Miami, FL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Significant development potential with the Live Local Act (LLA) allowing for up to 20 stories and potentially 350 residential units.; Permit‑ready site approved for 141 units, offering immediate development opportunity.; Zoned T5‑O with NRD‑2 overlay, permitting residential, hotel, office, and/or mixed‑use development.
