161 NW 35th St Miami FL 33127 Land for Sale

Prime land at 161 NW 35th St in Miami's Wynwood Norte T5-L zone offers development potential up to 5 stories near Midtown and Design District.
$1,300,000

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Florida Local Time --:--
MLS #A11700585
Listing Updated: 2026-07-17 00:41:28
Listed By: FGI Realty

Overview

This 5,000 sqft land parcel at 161 NW 35th St is an excellent opportunity for investors and developers aiming to build an urban project up to five stories under Wynwood Norte's T5-L zoning. Located on one of the best streets in the area, it is within walking distance to Midtown Shops, the Design District, Brickell, Wynwood Art Walls, restaurants, and bars. The property also offers convenient access to major expressways I-95 and I-395, making Miami Beach and Miami International Airport reachable within 15 minutes by car. Currently, the site includes a renovated single-family home and two rental efficiencies, providing immediate rental income while planning development.

Property Highlights

5,000 sqft land in Wynwood Norte T5-L zoning; up to 5 stories development potential; walking distance to Midtown, Design District, Brickell; close to major expressways; existing renovated single-family home and rental units.

Property Details

City: Miami
State: FL
Zip Code: 33127
Address: 161 NW 35th St, Miami FL 33127
Year Built:
Property Type: Land/Boat Docks
Property Sub Type:
Listing Office Name: FGI Realty
County: Miami-Dade County
Garage Spaces:
Parking Features:
Interior Features:
Exterior Features:
Waterfront: No
Pool: No
HOA Fee: $0
Annual Tax: $19,737
Days On Market: 554 Days
T5-L Investors, Developers, Excellent opportunity to develop an urban project of up to 5 stories. The best zoning of Wynwood Norte T5-L. This land is in the best of the streets in this area and walking distance from Midtown Shops, Design District, Brickell, Wynwood Art Walls, Restaurants, Bars. Also just 15 minutes drive to MIA, Miami Beach and with access to the best transportation routes such as the major Expressways I95, I-395. This is a great opportunity to assemble more lots on this block to take full advantage of the T5 zoning which allows up to 150 units per acre. Meanwhile Buyer can rent the Single Family Home 3/2 on this 5,000 sq.ft. lot, house in excellent conditions and renovated. Also property has two efficiencies at backside of the house with private entrance (both rented).

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

161 NW 35th St, Miami FL 33127

About This Neighborhood

Situated in Wynwood Norte, this property benefits from proximity to vibrant cultural and commercial hubs such as Midtown, the Design District, and Brickell. Wynwood is known for its art scene, trendy restaurants, and nightlife, attracting a diverse community. The neighborhood offers a dynamic urban lifestyle with easy access to shopping, dining, and entertainment options. Its location near major expressways also provides convenient connectivity to Miami Beach and Miami International Airport, making it an attractive area for residents and visitors alike.

Walkability & Lifestyle

Wynwood Norte is a highly walkable neighborhood with easy access to a variety of amenities. Residents can enjoy nearby restaurants, cafes, and bars, as well as boutique shops and art galleries. The proximity to Midtown and the Design District enhances shopping and dining options. Outdoor spaces and parks are within reach, offering opportunities for recreation and relaxation. The neighborhood's pedestrian-friendly streets and access to public transportation routes add to its convenience for daily living and commuting.

Things To Do Nearby

The area around 161 NW 35th St offers a rich array of activities including visits to Wynwood Art Walls, exploring galleries, and enjoying diverse dining experiences. Nearby Midtown and the Design District provide shopping and entertainment venues. Residents can partake in nightlife, cultural events, and outdoor activities such as walking or biking in local parks. The location also allows quick access to Miami Beach and waterfront attractions, expanding leisure options for residents and visitors.

Nearby Schools

The Wynwood Norte area offers access to several public and private schools within reasonable commuting distance. Families benefit from educational options that accommodate various grade levels and programs. The neighborhood's urban setting provides convenient routes to nearby schools, supporting daily school runs and extracurricular activities. Accessibility to quality education is an important consideration for residents and contributes to the area's overall appeal for families relocating to Miami.

Why Buyers Like This Area

Buyers appreciate this property for its prime location in Wynwood Norte with excellent development zoning and proximity to Miami’s key cultural and commercial districts. The existing rental units offer immediate income, while the land’s potential supports future urban projects. Convenience to major highways, airports, and popular neighborhoods adds to its appeal. The neighborhood’s vibrant atmosphere, combined with accessibility and lifestyle amenities, makes it attractive for a variety of buyers including developers, investors, and those seeking a dynamic community.

Investment Potential

This land in Wynwood Norte offers strong development potential due to its T5-L zoning, allowing up to five stories and approximately 150 units per acre. Its strategic location near popular Miami neighborhoods and major transportation routes enhances its appeal for urban projects. Investors can benefit from the current rental income generated by the existing single-family home and two efficiencies while planning future development. The area's ongoing growth and demand for residential and mixed-use projects make this parcel a promising option for those interested in Miami real estate development.

Rental Income Potential

The property currently includes a renovated single-family home and two rental efficiencies with private entrances, providing immediate rental income. This setup appeals to tenants seeking convenient access to Wynwood's amenities and nearby employment centers. Seasonal demand and the area's popularity among young professionals and creatives contribute to consistent tenant interest. While rental income is available now, the land's development potential offers additional options for future use, balancing short-term usability with long-term planning.
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