5001 NW 2nd Ave Miami FL 33127 MLS #A11545625

5001 NW 2nd Ave
Miami, FL, 33127
$2,790,000
Beds
0 Baths
SqFt
0.36 Acres
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Opportunity to Purchase a nearly 16,000 SF boutique development site in Miami’s charming Buena Vista neighborhood. NW 2nd Avenue is a retail oriented corridor with a number of local favorite brands moving there recently. In the surrounding neighborhood, many of the older homes are starting to get renovated and prices are rising sharply, creating a sought after submarket. This part of the neighborhood has been coined as NOW, “North of Wynwood”.
5001 NW 2nd Avenue has proposed plans in progress for a 66 room co-living building, which would fit in well with the young demographic coming into the area.
Zoning as of right allows for the development of 12 standard multi-family units as well as retail among other uses.

Property Details

Price:
$2,790,000
MLS #:
A11545625
Status:
Active
Beds:
0
Baths:
0
Address:
5001 NW 2nd Ave
Type:
Single Family
Subdivision:
RAILWAY SHOPS ADDN 2ND AM
City:
Miami
Listed Date:
Mar 6, 2024
State:
FL
ZIP:
33127
Lot Size:
15,818 sqft / 0.36 acres (approx)
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Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$7,836

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