Fantastic opportunity to acquire a multi-unit (6)apartment building in the heart of Wynwood. Walking distance to trendy art district, Wynwood Walls, Design District, fine dining and upscale shopping. The building is currently fully leased. Investors can generate income and then redevelop the property to its highest and best use, in the future. Zoned T5-O which allows developments up to 8 stories. Also, the NRD zoning allows for parking to be provided on-site or off-site through a centralized parking system in order to consolidate parking, encouraging walking and reducing the burden on property owners of mandated parking requirements onsite.
Key Points: Located in the heart of Wynwood Design District Surrounded by specialty commercial and retail establishments Close to food and entertainment Zoned NRD-1 T5-0 150 units per acre Zoning permits eight floors 90 % lot coverage by waiver Permitted use by right - residential, hotel, office and retail
Asking Price: $2,175,000
Building Size: 4,242 SQ FT
Lot Size: 6900
Cost per Square Foot: $512.73