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$2,100,000
New Listing

244 NW 34th St
Miami, FL 33127

For Sale|Multi Family|Active
0
Beds
0
Total Baths
5,456
SqFt
$385
/SqFt
1925
Built
County:
Miami-Dade
Call Now: (305) 395-1288
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(305) 395-1288
244 NW 34th St244 NW 34th St244 NW 34th St244 NW 34th St
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Positioned in the vibrant heart of Wynwood Norte, a neighborhood distinguished by its rich tapestry of street art, eclectic eateries, and dynamic nightlife, this multifamily building is a rare investment opportunity priced at $2,400,000. Featuring eight one-bedroom, one-bath units, the property encapsulates the essence of urban living in Miami's most sought-after locale, steps away from the high- end shops of the Design District and the scenic allure of Miami Beach. The strategic importance of this investment is underscored by the 2021 zoning overhaul led by the Miami City Commission, which introduced transformative changes to Wynwood Norte. The updated zoning regulations permit a remarkable density of up to 150 units per acre, eliminating previous lot size density calculations and enabling expansive building potential. This enhancement is complemented by revised NRD-2 zoning rules that offer significant parking requirement flexibilities in T4 and T5 zones, where buildings under 20,000 square feet are exempt from parking requirements. This regulatory landscape promotes dense, infill development, aligning perfectly with Miami's vision for this thriving district. Whether maintaining its current use or exploring redevelopment possibilities, this offering is an unparalleled chance to tap into Wynwood Norte's vibrant growth, making it an ideal acquisition for investors aiming to capitalize on Miami's premier cultural and entertainment hub.

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Listing Snapshot
Price 
$2,100,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,456 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1148 Acres
Year Built 
1925
MLS® Number 
A12084742
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
21 hours agoListing first seen on site
22 hours agoListing updated with changes from the MLS®
General Features
Property Sub Type 
Multi Family
SqFt Total 
5456
Zoning 
3900
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Community Features
MLS Area 
31
Listing courtesy of Fausto Commercial Realty Consultants Inc

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Neighborhood & Commute
Source: Walkscore
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