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    535 35Th St Miami, FL 33127

    For Sale
    $14,000,000

    Prime Miami location, 41,025 SF, permit-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 41,025-square-foot development site in Miami's Wynwood Norte is offered at $14,000,000. Located at 535 NW 35th Street, between NW 5th and 6th Avenues, this property enjoys a prime location minutes from the Wynwood Arts District, Midtown Miami, and the Design District. Zoned T5-O, the site is permit-ready for a substantial development project. Approved plans allow for up to 141 residential units and 8 stories, leveraging the existing NRD-2 zoning overlay. However, the site presents a unique opportunity to maximize potential through the Live Local Act (LLA), potentially allowing for up to 20 stories and 350 residential units, or even higher density based on the LLA's maximum height and unit allowances within a one-mile radius. The site's six folios offer flexibility, and its high visibility on NW 35th Street, coupled with excellent access to I-195 and I-95 (approximately 140,000 daily car traffic), ensures strong potential for a variety of uses, including residential, hotel, office, or mixed-use developments. This is a rare chance to capitalize on Miami's thriving real estate market and create a landmark development. The property is sold as-is.

    Property Features for 535 35Th St

    General Information

    Property type
    Land

    HighLights

    • Prime Wynwood Norte location near Midtown, Design District, I‑195, and I‑95.
    • Exceptional infill development opportunity with potential for high density under the Live Local Act.
    • T5‑O zoned site with approved plans for 141 units and 8 stories, leveraging NRD‑2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery 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
    -80.2042368
    Latitude
    25.8094508

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    FAQs

    What type of property is this?
    Land - Prime Miami location, 41,025 SF, permit-ready.
    Where is this land located?
    The property is located at 535 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: Prime Wynwood Norte location near Midtown, Design District, I-195, and I-95.; Exceptional infill development opportunity with potential for high density under the Live Local Act.; T5-O zoned site with approved plans for 141 units and 8 stories, leveraging NRD-2 zoning.
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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
    535 35Th St Miami, FL 33127
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