Description

Don’t miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units—a front 3/2 plus den, and a rear 1/1. An additional structure can be converted into an efficiency as well. New central AC system. Market rent estimated at $5500 (long-term), yielding a 5%+ entry cap rate while you develop.