244 NW 34th St, Miami, FL 33127

Description of 244 NW 34th St, Miami, FL 33127

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.

Property Details for 244 NW 34th St, Miami, FL 33127

Pool Private

No

Building Information for 244 NW 34th St, Miami, FL 33127

Building Area Total

5456

Building Area Units

Square Feet

Association

No

Property Information for 244 NW 34th St, Miami, FL 33127

Lot Size Square Feet

5,000

Waterfront

No

View

No

New Construction

No

Public Records for 244 NW 34th St, Miami, FL 33127

Parcel Number

01-31-25-019-1720

Tax Legal Description

WYNDWOOD PARK PB 5-23 LOT 6 BLK 10 LOT SIZE 50.000 X 100 OR 17581-0943 0397 1 COC 22969-1481 23508-4141 1204 1

Zoning

3900

County Or Parish

Miami-Dade County

Location