Prime Wynwood Development Opportunity
Located in the heart of Wynwood, this 5,000 sq ft lot is zoned T4-R under the City of Miami’s Miami 21 code, allowing for medium-density residential development and the potential for a multi-story project, subject to final design, density calculations, parking requirements, and city approvals.
The property currently consists of three existing units providing income while redevelopment plans are pursued. Ideal for a developer or investor seeking a residential project in a rapidly appreciating area near the Design District, Midtown, and Brickell.
Buyer to verify zoning, allowable density, unit count, and development potential with the City of Miami.
Located in the heart of Wynwood, this 5,000 sq ft lot is zoned T4-R under the City of Miami’s Miami 21 code, allowing for medium-density residential development and the potential for a multi-story project, subject to final design, density calculations, parking requirements, and city approvals.
The property currently consists of three existing units providing income while redevelopment plans are pursued. Ideal for a developer or investor seeking a residential project in a rapidly appreciating area near the Design District, Midtown, and Brickell.
Buyer to verify zoning, allowable density, unit count, and development potential with the City of Miami.
Property Details
Price:
$1,350,000
MLS #:
A11943253
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
NORTHERN BLVD TRACK
Neighborhood:
northernblvdtrack
Listed Date:
Jan 23, 2026
Finished Sq Ft:
1,890
Total Sq Ft:
2,050
Year Built:
1968
Units:
3
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Architectural Style
Attached
Construction Materials
CBS Construction
Parking Spots
5
Roof
Shingle
Financial
Tax Year
2025
Taxes
$8,226
Map
Community
- Address3240 NW 3rd Ave Miami FL
- SubdivisionNORTHERN BLVD TRACK
- CityMiami
- CountyMiami-Dade County
- Zip Code33127
Market Summary
Current real estate data for Multi Family in Miami as of Mar 07, 2026
499
Multi Family Listed
143
Avg DOM
471
Avg $ / SqFt
$1,151,770
Avg List Price
Property Summary
- Located in the NORTHERN BLVD TRACK subdivision, 3240 NW 3rd Ave Miami FL is a Multi Family for sale in Miami, FL, 33127. It is listed for $1,350,000
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