Metro 1 Commercial is proud to exclusively present for sale 107-127 NW 31 Street (“The Property”).
The Property features 21,450 SF of land zoned T4-R within Wynwood Norte’s NRD-2 zoning. Currently, the Property has approved plans for 72 units.
The Property is located at NW 32 Street in the Wynwood Norte neighborhood, just west of Midtown, north of Wynwood, and south of the Design District, with easy access to Miami Beach and major highways such as I-95 and I-195. Only minutes away from Wynwood, Midtown, and the Biscayne Corridor.
107-127 NW 31 ST
$6,480,000
21,450 SF
72 Residential Units
T4-R NRD-2
Allows 5 stories
(+1 w/bonus), 150 du/acre
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The area is experiencing rapid growth, with hundreds of new developments coming to Wynwood Norte after a rapid expansion of Wynwood, which currently has over 6,000 residential units and 2M SF of office, as well as Midtown’s neighborhood maturity with over 10,000 residential units and almost every block filled with developments.
Wynwood Norte
Today, Wynwood is the most important community of arts and creative businesses in the United States. With over 400+ businesses, 200+ street murals, 30+ eateries, and encompassing over 50 city blocks.
Wynwood is currently undergoing an unprecedented transformation, with a pipeline of over 6,000 residential units, 400 hotel rooms, and 1.6M SF of office space, setting the stage to create the epitome of the live, work, play ecosystem. So far, this transformation has attracted world-renowned tech and creative companies like Spotify, WeWork, Founder’s Fund, Livenation, as well as popular restaurants like Momosan, Uchi, Pastis, and national and international developers like Related, AMLI, Fifield, Related, The Collective, PMG, Quadrum, and L&L, among others.
With its clearly defined trajectory, Wynwood is poised to become without a doubt, the United States’ most important epicenter for tech, creative businesses, and an example of urban revitalization around the world. New residential, hotel, and office projects are announced every month, and major infrastructure changes are planned for the district. Some infrastructure proposals include the Wynwood Streetscape Master Plan, and the Brightline commuter station, which would connect Wynwood with Downtown Miami, Fort Lauderdale, West Palm Beach, and Orlando.
Wynwood Norte is the area just north of Wynwood, where the zoning recently changed to allow 150 units per acre, with a streetscape plan and master plan.
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JUAN ANDRES NAVA
Managing Broker
anava@metro1.com
786.690.7500
BERNARDITA BANFI
Broker Associate
bbanfi@metro1.com
305.600.9876
DJINJI BROWN
Advisor
dbrown@metro1.com
305.331.5836
DANIELLA SUTNICK
Advisor
dsutnick@metro1.com
305.323.7273