Investment Overview

Marcus & Millichap is pleased to offer a rare 0.34-acre multifamily, hotel, or short-term rental development opportunity in Wynwood Norte—one of Miami’s most vibrant and rapidly evolving neighborhoods. The site includes three contiguous parcels totaling 15,000 square feet, zoned T5 and enhanced by the NRD-2 overlay. This zoning allows for up to 150 dwelling units per acre, relaxed parking requirements, and bonus height/FAR through contributions such as affordable housing or funding the Wynwood Norte Community Trust. A six-story, 51-unit multifamily project is envisioned. Impact fees have already been paid, reducing soft costs and expediting the development process. The site is also suitable for a short-term rental or boutique hotel project. Located just west of NW 1st Avenue and two blocks from the Midtown Shops, the property offers outstanding walkability and connectivity to Miami’s top lifestyle districts—Wynwood, Midtown, the Design District, Edgewater, and Downtown—as well as direct access to I-95, I-195, and Miami International Airport. Wynwood’s transformation from industrial district to international cultural hub has been driven by progressive zoning overlays like NRD-2. This offering presents a compelling opportunity to capitalize on that momentum with a well-positioned, zoning-advantaged site in one of Miami’s strongest submarkets.