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    2701 5Th Ave Miami, FL 33127

    Sponsored
    For Sale
    $25,000,000

    31,250 SF Wynwood Land, $25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 31,250 square foot commercial land parcel is situated at 2701 NW 5th Avenue in Miami, Florida, zip code 33127. Zoned Wynwood NRD T5-O, this prime location offers significant development potential. The property boasts three street frontages on a major avenue within Wynwood's thriving pedestrian district, ensuring high visibility and foot traffic. Its strategic position between 545 Wyn and Nomad Residences, near Casa Tua, places it within a vibrant and rapidly developing area. The zoning allows for high-density multi-family development, with the potential for up to 8 stories and 161 multifamily units, with further potential increases under the Live Local Act. This urban infill site presents a unique opportunity to capitalize on Wynwood's continued growth and desirability as a global destination. The asking price for this exceptional development opportunity is $25,000,000. This property is located in Miami-Dade County.

    Property Features for 2701 5Th Ave

    General Information

    Property type
    Land

    HighLights

    • Prime 31,250 SF Wynwood development site at 2701 NW 5th Avenue.
    • Zoned Wynwood NRD T5‑O, allowing mixed‑use development.
    • Potential for 8‑story building with up to 161 multifamily units, plus potential for more units via the Live Local Act.
    • High foot traffic location on Wynwood's main tree‑lined street, surrounded by significant ongoing development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fashion Clothiers Inc Clothing Store

    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
    -80.2029973
    Latitude
    25.8021673

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    FAQs

    What type of property is this?
    Land - 31,250 SF Wynwood Land, $25M
    Where is this land located?
    The property is located at 2701 5Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: Prime 31,250 SF Wynwood development site at 2701 NW 5th Avenue.; Zoned Wynwood NRD T5-O, allowing mixed-use development.; Potential for 8-story building with up to 161 multifamily units, plus potential for more units via the Live Local Act.
    (786) 333-7199
    Request Owner's contact information
    2701 5Th Ave Miami, FL 33127
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    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
    2701 5Th Ave Miami, FL 33127
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