332 35th St Miami, FL 33137

This exceptional 17-unit apartment building presents a compelling investment opportunity in Miami's vibrant Wynwood Norte neighborhood. Situated on a substantial 6.9-acre lot, the property boasts a prime location near the Design District and Shops at Midtown, offering convenient access to upscale retail, dining, and entertainment. Currently a four-story structure, the T4-R zoning permits the development of up to four stories and 17 units, subject to square footage per unit. The City of Miami's approved Neighborhood Revitalization District designation provides increased flexibility for mixed-use development, allowing for the incorporation of multifamily residential units and commercial space on the ground floor. This presents a unique chance to capitalize on the area's growth and high demand for residential and commercial properties. The existing building generates approximately $7,000 monthly rental income from four units. This property offers significant upside potential for investors seeking to renovate, expand, or redevelop in a thriving Miami location. The asking price is $1,200,000. This is a rare opportunity to acquire a substantial property in a rapidly appreciating area. The property's size and zoning provide a flexible platform for a variety of development scenarios, catering to both residential and commercial needs. Don't miss this chance to secure a piece of Miami's dynamic real estate market.