Listed by Fausto Commercial
$790,000
T5-O Site | Wynwood–Edgewater–Design District Hub
Details
APN 01-31-13-032-0130
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 6,750
Zoning T5-O
T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroads
Marketing description
T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroads
6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more.
Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units.
Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.
Investment highlights
- Lot size: 6,750 SF corner lot, approximately 67 feet of frontage on each street face
- Zoning: T5-O under Miami 21, 5 stories by-right, 65 dwelling units per acre base density
- Approved plans: 10-unit multifamily, permits in hand, shovel-ready
- Live Local Act eligible: per City of Miami published transect list, supports up to 23 units or more
- Public Benefits density bonus: T5-O eligible to 150 du/acre via Affordable Trust Fund contribution
- Federal Opportunity Zone: capital gains deferral + 10-year tax-free appreciation on qualified investments
- Three-tier pathway: 10 units floor / 18 units base / 23+ units upside
- Sub-market absorption: Wynwood +124% population, Edgewater +47% population (2015 to 2024)
- Adjacent to Magic City Innovation District: Plaza Equity 18-acre, 2,500-unit master plan
- Walking distance: 4 blocks to Edgewater, 6 blocks to Wynwood, 10 blocks to Design District
- Property tax exemption available: 75% on Live Local affordable units for 30 years
- Buyer to verify: zoning, OZ, Live Local eligibility, Public Benefits availability, RTF inclusion, parking, FAR, setback constraints, tax reassessment
Listing Contacts
Listed by Fausto Commercial
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