251 NW 34th Terrace, Miami, FL 33127

• 2,784 sqft

Property Description

Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.

Listing Status:

Active

Date Added:

December 20, 2024

Data Last Updated:

July 27, 2026 at 1:20AM

Listing Office:

Lifestyle International Realty : 305-809-8085

Listing Agent:

Sherry Lebowitz : 305-496-0687

MLS ID:

A11925609

Interior

• Flooring: Tile
• A/C: Central Air
• Heating: NoneSeparate Meters

Exterior

• Parking: Parking spaces: 4

Construction

• Roofing: Flat
• General: Block2

Location

• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

Lot

• Zoning: 3900WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 10131250190680

Utilities

• Utilities: Cable Available
• Sewer: Public Sewer

Financial

• Source: BEACH_MIAMI