One Sotheby's International Re
Listed by The Corcoran Group Miami Beach, ONE Sotheby's International Realty Miami Beach, One Sotheby's International Re
$18,500,000
Wynwood Gateway Investments
Details
Property Type Mixed Use, Retail
Sub Type Restaurant, Bar
Square Footage 26,374
Net Rentable (SqFt) 26,374
Units 3
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $701
Class B
Year Built 1938
Buildings 3
Stories 2
Zoning Miami 21 T5-O
Investment Type Redevelopment
Mixed Use | 26,374 SqFt
Marketing 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-
Investment highlights
- located in Wynwood's most promising and currently still undervalued area
- in-place cash flow
- tremendous development potential
Listing Contacts
One Sotheby's International Re
Listed by The Corcoran Group Miami Beach, ONE Sotheby's International Realty Miami Beach, One Sotheby's International Re
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