145 NW 30th Street

DWNTWN Realty Advisors is pleased to exclusively present for sale Wynwood One (the "Property"), a 20,700 SF three-parcel assemblage located at 145 NW 30th Street in Wynwood Norte, Miami, FL 33127. The site comprises three contiguous parcels totaling 0.475 acres with 150 feet of street frontage, zoned T5-L / NRD-2 under the Wynwood Norte overlay. The Property is approved for a 70-unit mixed-use vertical project featuring four ground-floor retail bays delivered in warm vanilla shell, 37 parking spaces, and by-right STR capability for a total buildable gross area of 47,982 SF. The site is fully assembled and currently contains two small single-family structures on its west portion. Ownership has invested approximately $7.5 million in bringing the Property to its current near-permit-ready posture. Architecture has been advanced through schematic and design development by GGR Architects, with MKDA serving as architect of record. General contractor Grycon is near GMP-ready at approximately $21.5 million in direct hard costs. The Property has been advanced through the building, civil, and zoning permitting process to a near-permit-ready posture, with remaining pre-permit items administrative in nature and expected to be resolved within a few months of closing. Full details are available to buyers upon request. A buyer assumes the full design package, GMP-ready construction contract, and entitlement file at closing, materially compressing the development timeline relative to comparable Wynwood Norte sites. The Property supports three execution paths: multifamily build-to-hold (primary), STR-by-right (secondary), and condo sell-out (tertiary). Per ONE Sotheby's Development Sales Division January 2026 pricing matrix, the 70-unit condo program supports a projected aggregate sellout of $67.6 million at a $1,206 PSF blended average. On the multifamily path, stabilized NOI of approximately $2.05 million implies a 5.60% buyer yield-on-cost at the asking price, with a projected fiv