Multifamily in Miami, FL 33127

Buena Vista Estates, 526 NW 34th St

Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space — yes, it’s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.