Exclusive Wynwood Norte infill opportunity in one of Miami's fastest-growing urban districts, with direct access to Midtown, Edgewater, Design District, Brickell, and Miami International Airport. The 7,150 SF T5-O site includes plans under City of Miami review for a 24-unit multifamily development. Entitlements are well advanced, with approvals expected in ~5 months, significantly reducing pre-development time. Ownership will assist through final approvals to help expedite delivery. The design features all 2-bedroom, 2-bathroom units, optimized for traditional leasing or co-living. Each bedroom has private bath access, maximizing rent per bedroom. Comparable Wynwood co-living projects such as i5 Wynwood are achieving ~$1,350 per bedroom. Offered at $1.8M ($75K per unit and ~$252 PSF), the asset sits in a high-growth submarket with strong demand, population growth, and ongoing redevelopment. Ideal for developers seeking a near-term groundbreaking opportunity with reduced entitlement risk and flexible leasing strategies. Financing, lender, architect, and GC introductions available.
| MLS # | A12063858 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 90 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Martina Smolakova |
| Zoning | 6101 |
|---|---|
| Acreage | 0.16 |
| Lot Features | Other |
|---|
| Tax Annual Amount | 22352 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 2310 |
| Community Name | DEVONSHIRE PARK SUB |
| Listing VS Median (in DEVONSHIRE PARK SUB) | |
Price: $1,800,000 low | high Med: $799,900 On site: 90 low | high Med: 12 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 2310 |
| Community Name | DEVONSHIRE PARK SUB |
| Listing VS Median (in DEVONSHIRE PARK SUB) | |
Price: $1,800,000 low | high Med: $799,900 On site: 90 low | high Med: 12 | |
![]() | $1,800,0003312 Nw 5th AvenueMiami, FL 33127 |