74 NW 24th Street

DWNTWN Realty Advisors is pleased to exclusively present Micro Lot (the "Property" or the "Offering"), a 3,250 SF (0.0746-acre) infill development site located at 74 NW 24th Street in Miami's Wynwood Arts District. The Property is a cleared, rectangular 50-foot by 65-foot parcel with 50 feet of frontage on NW 24th Street, sitting directly adjacent to Jungle Plaza. The site's zoning does the heavy lifting. Under T5-O with the Wynwood NRD-1 overlay, the Property allows 5 stories by right and up to 8 stories with bonuses, a residential density of 150 dwelling units per acre (11 units on this parcel), a 5-foot front setback with zero side and rear setbacks, and no on-site parking requirement for structures under 20,000 SF of floor area. A completed massing study confirms what the entitlements support: an 8-story, 21,808 gross SF building (17,997 SF municipal GSF) delivering 14,875 leasable SF, comprised of 12,754 SF of office across seven floors, 616 SF of ground-floor commercial space, private terraces on every office level, and 21% open space against a 10% minimum, all within an 85'-6" height that keeps the project below high-rise classification. At an asking price of $1,930,000, or $594 per square foot of land, the Offering is a small infill development opportunity that puts a full Wynwood address within reach of a boutique budget. The micro scale is the thesis: a sub-20,000 SF program eliminates structured parking, the tested massing hands a buyer a program rather than a blank page, and the total capitalization stays at a fraction of what larger Wynwood assemblages command. The Wynwood Micro Lot represents a rare opportunity to control development-ready land adjacent to one of Wynwood's most active gathering places at a basis, and a check size, that the submarket rarely offers. Footnotes from the OM: (1) The Property shares a trash and grease trap easement with the adjacent property. (2) TDRs & TDDUs have been harvested and are in process of being reestablished. The