287 NW 31st Street, Miami, FL 33127

$1,275,000
3
BD
1
BA
1,256
SqFt

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List Price
$1,275,000
Status
ACTIVE
Days on Market
191
MLS#
A11980020
Subtype
Residential
Year Built
1930
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,256
Acres
0.17
Subdivision
Wynd Wood Park
MLS Area Major
2310

Property Description

7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.

Additional Information

Amenities
None
Interior Features
Main Level Primary
Exterior Features
Outdoor Living Area
Taxes
$20,853
Flooring
Tile
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Stories
1
Levels
One
Roof
Shingle
Parking Features
Covered, Driveway, On Street
Elementary School
Eneida Massas Hartner
Middle School
Jose De Diego
High School
Booker T. Washington

Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:

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Agent: Vicente Javier Rodriguez | Email: vr@faustocommercial.com