287 NW 31st St, Miami, FL 33127

$1,800,000 Asking Price

3 beds
1 bath
1,256  sqft
Built in 1930

7,200 sqft Lot Covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195. Property currently consists of a single family 3 beds and 1 bath and can generate approximately $3,000/m. Property is within walking distance of many entertainment, retail, hospitality, art galleries, and restaurants, including several Michelin-awarded restaurants. South of Design District and west of Mid-Town, the area is experiencing rapid growth, with hundreds of new developments coming to Wynwood Norte.

Features & Amenities

Interior

General:
First Floor Entry, Family Room
Flooring:
Tile
A/C:
true, Central Air
Heating:
true, Central

Exterior

Style:
Attached, One Story
Parking:
Covered, Driveway, On Street

Construction

Roofing:
Shingle

Location

Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
3900, 25 53 41 WYNDWOOD PARK PB 5-23 LOT 11 BLK 16 LOT SIZE 50.000 X 144 OR 11056-536 0381 1, 01-31-25-019-3130
View:
None

Utilities

Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
Fausto Commercial Realty Consultants Inc, Vicente Rodriguez

About Miami, FL

Housing

Number of Units
711,975
Median Home Value
$380,974
Median Rent
$1,338

49.94% of housing units are renter occupied.

8.26% are vacant.

Commute

Car
71.69%
Public Transportation
3.80%
Walk to Work
1.60%
Work from Home
21.37%
Other
1.11%

The median travel time to work is 29 minutes.

People

Population
1,830,481
Median Age
41.50
Median Household Size
2.91

Education

High School
24.77%
Associate’s Degree
8.99%
Bachelor’s Degree
21.60%
Graduate Degree
13.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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