This property sits in the new Wynwood Norte zoning overlay and is zoned T4. You can build up to 16 units and up to 3 stories. Taking into consideration maximum lot coverage of 60% and 3 stories, there is the potential of sixteen 562 SF 1 bedroom units. Rents in the area continue to rise, helping with the overall profitability of new development projects. Current tenant rents help offset holding costs. Parking may be satisfied through payment in lieu into the applicable Parking Trust Fund. Buyer is responsible for all due diligence and verifying development potential. Do Not Disturb Tenants. Financials are attached.