Shovel Ready Wynwood Development
Entitled Land | 7,200 SF
Marketing description
Introducing Wynwood Awacate – A Fully Approved, Shovel-Ready Development Opportunity in the Heart of Wynwood Norte
Wynwood Awacate, located at 3041 NW 5th Ave, Miami, FL 33127, presents an exceptional opportunity to acquire a fully approved, shovel-ready mixed-use development site in Miami’s most dynamic neighborhood. Spanning 7,200 square feet, the site is zoned T5-L Urban Center, allowing for flexible mixed-use development in a thriving urban corridor.
Approved plans call for a 5-story building totaling 24 residential units and 1,880 SF of ground-floor retail, with a total buildable area of 19,043 SF and 64% lot coverage. The residential mix includes 16 studios (405 SF avg.), 4 one-bedroom units (634 SF), and 4 two-bedroom units (804 SF)—designed to meet the increasing demand for boutique urban living in Wynwood.
Situated in Wynwood Norte, the neighborhood’s premier residential district just outside the main Wynwood Arts District corridor, Wynwood Awacate benefits from excellent walkability, proximity to top-tier retail, dining, and cultural amenities, and strong long-term growth fundamentals.
This turnkey offering allows a buyer to begin construction immediately after closing, eliminating entitlement risk and accelerating project timelines. As one of the last remaining infill sites in this coveted neighborhood with full approvals in place, Wynwood Awacate is a rare chance to participate in the continued evolution of Wynwood.
For additional details and to schedule a tour, please contact our team listed in the Offering Memorandum.
Investment highlights
Shovel-Ready Development Site: Fully cleared and entitled 7,200 SF lot primed for immediate development.
Zoning: T5-L Urban Center Zone: Permits mixed-use residential or commercial development with flexible design potential.
28,800 SF Buildable Area: Maximize value with a high lot coverage ratio of 80% and vertical development potential.
Prime Wynwood Norte Location: Located within Wynwood’s premier residential submarket and just outside the core commercial corridor.
Strategic Urban Infill: Benefit from continued demand in one of Miami’s most transformative and creative neighborhoods.
Strong Demographics & Growth: Surrounding area is seeing consistent increases in population, income, and rental rates.
Immediate Development Potential: No demolition or assemblage required – ready for permits and construction.
Exceptional Accessibility: Close proximity to Midtown, Edgewater, Design District, and major transit routes.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
