5 Wynwood Parcels Hit the Market

Marcus & Millichap landed the exclusive listing of a mixed-use land portfolio in Wynwood, Miami, priced at $18.3 million.

The 2.12-acre Wynwood Mixed-Use Land Portfolio is divided into five mini portfolios, several of which already have development plans. The first features a 27,570-square-foot parcel with plans for a high-end restaurant or lounge. The second offers 1.07 acres designated for a townhouse project, with preliminary development plans in place. The third includes 15,818 square feet zoned for a 66-unit co-living project. The fourth consists of two single-family homes on 0.24 acres, generating income as short-term rentals with redevelopment potential. The fifth includes a 0.17-acre single-family home, leased with flexible development options.

The parcels are located in the 2nd Avenue corridor of Wynwood, a hub for art galleries, restaurants, and culture. Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, have the exclusive listing and are presenting the opportunity on behalf of the seller.