5001 NW 2nd Ave, Miami FL 33127
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.
