2210 NW 1St Ct Miami, FL 33127
For Sale
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This exceptional 16,430-square-foot commercial land parcel presents a remarkable infill development opportunity in Miami's vibrant Wynwood neighborhood. Located at 2210 NW 1st Ct, Miami, FL 33127, this property is zoned Wynwood NRD T5-O, allowing for a variety of high-density development options. Currently operating as a parking lot, the site is ideally suited for mixed-use construction, potentially including multi-family residential units (57-85 units with bonus, or up to 94 units with the Live Local Act), or a hotel (113-170 keys). The existing parking stackers must remain accessible. The site benefits from its strategic location directly adjacent to the Wynhouse, a 308-unit project slated for completion in Q1 2025, and just two blocks east of NW 2nd Avenue, a major Wynwood thoroughfare with 8,000 vehicles per day. This location places the property within a dynamic area experiencing significant growth, with 28 ongoing development projects totaling over 3,200 residential units, nearly 200 hotel rooms, and substantial office and retail space. The Live Local Act presents an opportunity for increased density and the development of affordable housing, further enhancing the property's potential. This is a rare chance to acquire a prime development site in one of Miami's most sought-after neighborhoods. The asking price is $8,400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6101 · Miami, FLMiami. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.