Buena Vista Estates, 526 NW 34th St, Miami, FL 33127

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.