Marcus & Millichap has secured the exclusive listing for a mixed-use land portfolio in Wynwood, Miami. The 2.12-acre parcel is priced at $18.3 million and is divided into five mini portfolios, each with their own unique development potential.
The first parcel features plans for a high-end restaurant or lounge on its 27,570-square-foot lot. The second offers 1.07 acres designated for a townhouse project with preliminary development plans already in place.
The third mini portfolio includes 15,818 square feet zoned for a co-living project with space for up to 66 units. Two single-family homes on the fourth parcel sit on .24 acres and are currently generating income as short-term rentals but also have redevelopment potential.
Finally, the fifth parcel consists of one single-family home leased out and offering flexible development options on its .17-acre lot.
Located in Wynwood’s popular art district along the bustling Second Avenue corridor known for its galleries, restaurants and cultural scene; this diverse mix of parcels presents an exciting opportunity to invest in one of Miami’s most vibrant neighborhoods.
Alex Zylberglait and Michael Crocchiola from Marcus & Millichap’s Miami office are representing the seller exclusively as they present this unique investment opportunity to interested buyers.
