Miami Land Banking or Development Opportunity 145 NW 35th St Terrain Vente aux enchères en ligne Miami, FL 33127

Marcus & Millichap is proud to present for sale a rare 0.34-acre multifamily development opportunity in the heart of Wynwood Norte, one of Miami’s most dynamic and culturally rich submarkets. This offering comprises three contiguous parcels totaling 15,000 square feet, zoned T5 under the Miami 21 zoning code, and enhanced by the NRD 2 overlay, which unlocks significant development potential through increased density, relaxed parking requirements, and public benefit incentives.

Under the NRD 2 (Neighborhood Revitalization District 2) zoning overlay, codified in Appendix P of Miami 21, developers may build up to 150 dwelling units per acre, a sharp increase over the base T5 density limits. The overlay is designed to encourage context-sensitive infill development, support a walkable, transit-oriented community, and provide a path for developers to earn bonus height and floor area through contributions such as affordable housing, micro-retail, or payments to the Wynwood Norte Community Trust Fund. Additionally, NRD 2 allows flexibility in parking requirements, reducing construction costs and improving yield metrics for developers.

The offering contemplates the development of a six-story, approximately 51-unit multifamily project. Impact fees have been paid by the seller, reducing upfront soft costs and helping to accelerate the development timeline. This site would also be suitable for a short-term rental or hotel project. The lot is situated just west of NW 1st Avenue and two blocks from the Midtown Shops, providing unmatched connectivity to Miami’s top lifestyle destinations. The site lies within walking distance of Wynwood, Midtown Miami, the Design District, Edgewater, and Downtown, and offers immediate access to Interstate 95 (I-95), Interstate 195 (I-195), and Miami International Airport (MIA).

Wynwood has undergone a dramatic transformation from a historic industrial district into one of the country’s most celebrated urban neighborhoods. Once home to light manufacturing and warehouses, it has become a global destination recognized by Vogue, TimeOut, Forbes, Google, and The Independent for its street art, culinary scene, creative industries, and urban lifestyle. Much of this transformation was spearheaded by the Wynwood Business Improvement District (BID) and the establishment of the NRD 1 and NRD 2 overlays, which realigned zoning to support mid-rise residential and mixed-use development while preserving the neighborhood’s unique character.

For the developer or investor seeking a scalable, well-located multifamily or hotel project in an emerging high-growth submarket, this offering provides a unique opportunity to build into the future of urban Miami while leveraging favorable zoning and strong consumer demand. This is a rare chance to secure a development-ready site in one of the most sought-after locations in the city.

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