$5,500,000
San Juan Motel for Sale | Prime Little Havana Prime Commercial Real Estate Miami
Miami, Florida
Soft Offer3123 nw 3rd Ave 287 nw 31st ST -ASSEMBLAGE OPPORTUNITY!
3123 NW 3rd Ave, Miami, Florida 33127
$2,400,000
Listed May 13, 2025
2,688 sqft
Lot
Class A
Class
About this property
3123 nw 3rd Ave 287 nw 31st ST -ASSEMBLAGE OPPORTUNITY! is a land for sale in Miami, Florida, listed at $2,400,000. Key details: lot size 2,688 sqft, building class Class A, property status Normal Sale, building status Existing. Listed by Vicente Rodriguez of Fausto Commercial on LoopingCloud and last updated June 19, 2026.
Fausto Commercial presents a strategic 9,888 sqft land assemblage in the heart of Wynwood Norte. Positioned within the NRD-2 zoning overlay, this site offers a high-yield development opportunity with the capacity to build 34 units "as of right" at an attractive cost basis of $71,000 per buildable unit.
Investment Highlights
-
High-Density Potential: Zoned T4-R with an NRD-2 overlay, the site allows for a density of 150 units per acre.
-
Cost-Efficient Positioning: Secure land in the rapidly appreciating Wynwood Norte corridor for sub-$250/sqft, compared to $350+/sqft in adjacent Wynwood.
-
Strategic Location: Situated blocks from Wynwood, Midtown, and the Design District, with immediate access to I-95 and I-195. The site is less than 10 minutes from Brickell, MIA Airport, and Miami Beach.
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Flexibility & Income: Generate immediate rental income while securing entitlements. The zoning features uniquely flexible parking requirements, significantly reducing construction costs.
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Proven Demand: Ideal for diverse development strategies, including workforce housing, condo conversions, or traditional apartment rentals, all backed by strong local employment and entertainment demand.
Property Specifications
| Feature | Details |
| Total Area | 9,888 sqft (Assemblage) |
| Zoning | T4-R (NRD-2 Overlay) |
| Build Capacity | Up to 34 units (as of right) |
| Pricing Metric | $71,000 per buildable unit |
| Market Value | Sub-$250/sqft |
As Wynwood Norte continues to evolve into a primary residential hub, this assemblage offers the perfect entry point for developers looking to maximize returns in one of Miami’s most sought-after growth corridors.
Key highlights
- T4-R Zoning with NRD-2 Overlay
- Up to 34 units buildable by right
- Easy access to I-95 and I-195
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Lot Size
- 2,688 sqft
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,400,000 | - | - | - | - |
Features and amenities
Property Features
- Prime location near Wynwood, Midtown & Design District
- T4-R Zoning with NRD-2 Overlay
- Up to 34 units buildable by right
- Ideal for condo conversion, workforce housing, or rentals
- Strong rental and housing demand due to job proximity
- Hold and rent while securing building approvals
- Easy access to I-95 and I-195
- Surrounded by active development projects in high-growth zone
Location
Address as shown by the lister.
Get directionsAbout this area - Miami
- Population
- 27,796
- Housing units
- 9,681
- Land area
- 3.2 sq mi
- County
- Miami Dade
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of 3123 nw 3rd Ave 287 nw 31st ST -ASSEMBLAGE OPPORTUNITY!?
3123 nw 3rd Ave 287 nw 31st ST -ASSEMBLAGE OPPORTUNITY! is listed at $2,400,000.
Where is 3123 nw 3rd Ave 287 nw 31st ST -ASSEMBLAGE OPPORTUNITY! located?
The property is in 3123 NW 3rd Ave, Miami, Florida 33127, Miami Dade County.
What type of property is this?
This is a land for sale in the commercial category.
How big is the property?
The lot is 2,688 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Vicente Rodriguez of Fausto Commercial listed this property. Use the Request Info button to send a message or call (305) 431-2258.
When was this listing published?
It was published on May 13, 2025 and last updated on June 19, 2026.
Listing information
- Listing ID
- CL-Florida-25168
- Published
- May 13, 2025
- Last updated
- Jun 19, 2026
- Views
- 496
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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