WYNWOOD | Half-Acre Development Assemblage for Sale

Investment Overview

Central Commercial Real Estate exclusively offers for sale 144 NW 23rd Street, a ±21,820 SF development assemblage in Wynwood. The four-parcel infill site includes an approximately 5,500 SF building, on-site surface parking, and in-place income. Zoned T5-O within the Wynwood NRD-1 overlay, the property permits 75 residential units by right and up to 112 units through applicable NRD-1 bonus provisions. The property is eligible for development under Florida’s Live Local Act, subject to applicable requirements. The site is approximately 200 feet from Carnegie Mellon University’s planned 35-acre Miami campus. Pending regulatory approvals, the university plans to enroll its first students in 2028 and ultimately serve more than 3,500 students, nearly 300 faculty, and more than 600 staff. The property shares its western property line with the planned Cloud One Hotel & Residences and is directly across the street from Joule House.

Investment Highlights

• Wynwood Infill Site
• $925K In-place Income
• ±21,820 SF (0.50 AC)
• 5,500 SF Building
• Zoned T5-O/NRD-1
• 4 contiguous parcels