535 NW 35th St, Miami, FL 33127

Listing agent Wilson Alers License #BK3205745

Listing office DWNTWN Realty Advisors Show Phone

Listing date Aug 23, 2024

Source Crexi

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Overview

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.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.20422

Latitude

25.809517

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FAQs

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.