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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
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.
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Numbers | 01-3125-029-1230, 01-3125-029-1240, 01-3125-029-1250, 01-3125-029-1260, 01-3125-029-1280 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,296,603 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,296,603
ZONING
| Zoning Code | T5-O NRD-1 / T5-L NRD-1 (Urban Center Transect Zone of the Neighborhood Revitalization District) |
| T5-O NRD-1 / T5-L NRD-1 (Urban Center Transect Zone of the Neighborhood Revitalization District) |
Map of 2521 NW 1st Ave Miami, FL 33127
ADDITIONAL PHOTOS
Building Photo
Building Photo
Building Photo