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266 NW 32nd St, Miami FL 33127

Commercial For Sale
$1,250,000

BTC: 20.69536424

ETH: 783.85140686

New
0 room(s)

Overview

Build 24 units in 20,000 SF allowed by the city. This 7,100-square-foot lot in Wynwood Norte presents a unique opportunity to develop multifamily housing or a single-family home in one of Miami’s fastest-growing emerging neighborhoods. While your permits are being approved, the property can generate approximately $52,800 in annual income, with tenants covering all utility expenses and the owner responsible for only about $13,000 per year in property taxes. Don’t miss this exceptional investment opportunity with immediate income potential and long-term development upside.

Location

Florida • Miami • 33127 • Commercial • For Sale

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.16 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,250,000
$530K – $2.5M
Confidence Low
List vs. estimate
At estimate
List $1,250,000 · +0.0%
List is in line with recent comparable activity.
Based on
11 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $10.9M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,000
2025
All facts and features

  • Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 01-31-25-019-3070

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Electricity Connected

    • Natural Gas Connected

    • Phone Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Sewer Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $13,000

  • Source details

    • MLS ID: A12047281

    Other facts

    • Lot Features: City Location / Near School / Other Location / 1-2.5 Acres

    • Water Source: Municipal Water

    • Lot Size Dimensions: 50x142

    • Subdivision Name: WYND WOOD PARK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
123
median $1.1M
Active
Same city
Miami
5,920
median $649K
Active
Same type
Commercial
423
median $1.2M
Active
Similar price
$875K – $1.6M
960
median $1.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miami Residential Group