Mixed-Use – 19,650 SF in Miami, FL – Builders Opportunity in Wynwood

Category: Mixed-Use

Price:$18,500,000

Location: Miami, FL

Year Built: 1938

Days on Market: 23

Description:

This portfolio presents a 19,650 SF three-parcel assemblage with approximately 26,274 SF leasable space by the south-eastern gateway into Wynwood’s Art & Entertainment District. With existing cash flow generated from leases at below market value, the property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of Wynwood’s SE Quadrant. Several significant new projects such as CIM Group’s Wynwood Square, with approximately 87,000 SF office & retail space as well as 257 apartments, and Quadrum Global’s fashionable Arlo Hotel, are located within only a block or two of the property. Current tenants in place-

Builders opportunity in the heart of Wynwood,build 8 stories height, appx 125,000 SF gross buildable and 66 residential/com units or 132 hotel rooms.

Listing Code: 1031871334