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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 1,945,000

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Active

255 NW 32nd St Miami, FL 33127

2,280 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,280 sqft

Price per Sqft $853

Subdivision Wynd Wood Park

MLS Listing ID A12041715

HOA Y/N No

Year Built 1938

Annual Tax Amount $15,144

Tax Year 2025

Property Sub-Type Triplex

Property Description

Rare opportunity in the heart of Wynwood Norte, one of Miami's fastest-growing urban neighborhoods. Situated on an approximately 10,000 SF double lot and zoned T4-R with the NRD-2 Overlay, the property offers significant redevelopment potential, with the possibility to develop up to 36 residential units. The property is currently consists of two existing structures, including a two-story duplex and a separate single-family residence, creating immediate income-producing opportunities while future development plans are pursued. Investors may choose to continue operating the existing improvements, renovate and reposition the property for increased rental income, occupy one of the residences while generating income from the remaining units, or assemble neighboring parcels to create a larger-scale development opportunity. Located just minutes from Wynwood, Midtown Miami, the Design District, and major transportation corridors including I-95 and I-195, the property benefits from strong demand drivers, walkability, and continued public and private investment throughout the area. Whether acquired as a long-term land bank, an income-producing covered land play, a value-add renovation project, or a future multifamily development site, 255 NW 32nd Street offers investors and developers multiple paths to create value in one of Miami's most dynamic growth corridors.

Location

State FL

County Miami-dade

Community Wynd Wood Park

Area 31

Interior

Heating Central, Electric, Wall Furnace

Cooling Central Air, Electric, Wall/Window Unit(s)

Flooring Hardwood, Tile, Wood

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Brick,Block

Others

Tax ID 01-31-25-019-2940

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12041715

Miami Association of Realtors (SEFMIAMI MLS)

Listed by BZG International, LLC

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+1(561) 827-8449

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Alex Mendel

255 NW 32nd St Miami, FL 33127

Key Details

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255 NW 32nd St