127-135 NW 24th St
Miami, FL 33127
$8,500,000
- Land
- 0 SF lot
Highlights
- 0 SF lot
- Zoned T5-O in Miami (as listed)
Property facts
- Price
- $8,500,000
- Property type
- Land
- Lot size
- 0 SF
- Zoning
- T5-O in Miami
- Neighborhood
- Wynwood
Zoning is the code the listing gives; what a code allows depends on the city.
About this property
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 127-135 NW 24th Street, a 14,500-square-foot development site in the heart of Wynwood. Zoned T5-O within the Wynwood NRD-1 overlay, the site permits 5 stories by right and up to 8 stories with NRD-1 bonus. This equates to approximately 72,500 buildable square feet by right (14,500 x 5) and 116,000 buildable square feet with bonus (14,500 x 8). Residential density is approximately 150 units per acre (~50 units) by right or 225 units per acre (~75 units) with NRD-1 bonus. Hotel density allows up to 225 keys per acre (~75 keys). The zoning supports a wide range of mixed-use development including residential, retail, office, and hotel uses. Located directly on NW 24th Street, the property is surrounded by some of Wynwood's most notable retail, hospitality, and cultural attractions.
From the listing broker.