3123 NW 3rd Avenue, Miami, FL 33127

Property Description

ASSEMBLAGE OPPORTUNITY! This property can be bought along with 287 nw 31st St (MLS#: A11732843). PRICE IS FLEXIBLE. This prime investment T-4R property with NRD-2 Zoning Overlay give this land the ability to build at a density of 150 units per acre, this means you can build up to 34 units as of right at $75,000 per buildable unit. Strategically located just blocks away from Wynwood, Midtown, and the Design District, and flanked by I-95 and I-195, this is an ideal investment due to strong rental and housing demand driven by its proximity to jobs and major entertainment areas. Rent the property while you get approved to build. The models being done by local developers are condo conversions, workforce housing, or traditional apartment rental, see remarks for other projects in the area. Comparables:3128 NW 3 AVE, 4760 sqft, $840,000, February 202569 NW 35 ST, 4750 sqft, $1,830,000, January 202563 NW 35 ST, 4750 sqft, $1,470,000, November 202426 NW 34 TER, 5300 sqft, $1,150,000, September 20243425 NW 1 AVE, 5330 sqft, $1,295,000, September 2024