14,000 SF Bldg + 89 Unit / 177 Key Dev. Site | 2830 NW 5th Ave
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14,000 SF Bldg + 89 Unit / 177 Key Dev. Site 2830 NW 5th Ave
14,000 SF Vacant Retail Building Miami, FL 33127 $11,900,000 ($850/SF)
Executive Summary
Metro 1 Commercial exclusively presents for sale the property located at 2830 NW 5 Avenue, Miami, FL (“The Property”), with 17,160 SF of land zoned T6-8 O NRD-1 Zoning, which allows for up to 12 stories with bonuses, 89-unit/177-keys, and 164,736 buildable SF.
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.
The Property is ideally located along 5 Avenue along NW 29 Street. The Property benefits from its T6-8 O 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 89 units / 177 keys, and 8 stories by-right, 12 stories with bonuses.
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.
The Property is ideally located along 5 Avenue along NW 29 Street. The Property benefits from its T6-8 O 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 89 units / 177 keys, and 8 stories by-right, 12 stories with bonuses.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
1950
Price
$11,900,000
Price Per SF
$850
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.39 AC
Zoning
C-2 - Commercial
Parking
16 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3125-024-2600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,136,534 |
PROPERTY TAXES
Parcel Number
01-3125-024-2600
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,136,534
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14,000 SF Bldg + 89 Unit / 177 Key Dev. Site | 2830 NW 5th Ave
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