Andres Nava 3055719991

2521 NW 1st Ave - Wynwood First Avenue Site 0.48 Acres of Commercial Land Offered at $14,500,000 in Miami, FL 33127

INVESTMENT HIGHLIGHTS

Max Units – allows density to highest density on any parcel in local jurisdiction.
Residential Use – allows residential use in any area zoned commercial, industrial and mixed use.

Max Height – allows building to tallest height for residential or commercial structures in local jurisdiction within 1 mile of the parcel or three sto

EXECUTIVE SUMMARY

This site provides a unique opportunity to develop a mixed-use project with multi-family, condos, hotel, office, and retail in Wynwood, one of the world’s coolest neighborhoods according to Google, Vogue & Forbes. With 20,900 SF of land zoned T5-O & T5-L NRD-1 Zoning, which allows for five-stories on the T5-L portion, and up to 8 stories with bonuses in the T5-O portion, 108-unit/216-keys, and 94,050 buildable SF.

PROPERTY FACTS

Price	$14,500,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	0.48 AC
Property Type	Land
Zoning	T5-O NRD-1 / T5-L NRD-1 - Urban Center Transect Zone of the Neighborhood Revitalization District

Price	$14,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	0.48 AC
Zoning	T5-O NRD-1 / T5-L NRD-1 - Urban Center Transect Zone of the Neighborhood Revitalization District

1 LOT AVAILABLE

Lot

Price	$14,500,000	Lot Size	0.48 AC
Price Per AC	$30,221,051.36

Price	$14,500,000
Price Per AC	$30,221,051.36
Lot Size	0.48 AC

Metro 1 Commercial exclusively presents for sale the property located at 2521NW 1 Ave, Miami, FL (“The Property”)

DESCRIPTION

The Property is ideally located along 25th Street between NW 2 Avenue and N Miami Avenue. The Property benefits from its T5 NRD-1 Miami 21 zoning designation, which allows for a wide variety of permitted uses by right including residential, lodging, commercial, office, civic and educational. The by-right residential density is 150 units per acre with a maximum of 225 units per acre permitted via bonus, which equates to 108 units / 216 keys, and 5 stories by right.

PROPERTY TAXES

Parcel Numbers	01-3125-029-1240, 01-3125-029-1230, 01-3125-029-1250, 01-3125-029-1260, 01-3125-029-1280	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$10,296,603