250 NW 24th St - Apartments CONDO FOR SALE


Miami, FL 33127- Wynwood
$5,521,000 USD
786-235-8330
250 NW 24th St, Miami, FL for Sale
$5,521,000 USD
Apartments CONDO - FOR SALE
1/18
null | 5.5% Cap Rate

250 NW 24th St
Miami, FL 33127
Wynwood


HIGHLIGHTS

  • 100% Occupied with 7.88-Year Weighted Average Lease Term
  • Two F&B Tenants in Miami's Premier Arts District
  • 2027 NOI $303,656 in Contractual Base Rent in Place
  • Core Wynwood Location

OVERVIEW

DWNTWN Realty Advisors is pleased to exclusively present the opportunity to acquire two fee-simple ground-floor commercial F+B retail units totaling 3,523 square feet at 250 Wynwood, a six-story luxury residential building situated at the epicenter of Miami's most culturally dynamic and supply-constrained urban submarket. The offering comprises Commercial Units CU-1 and CU-2, 100% occupied by two established food-and-beverage operators — La Birra Bar and Doggi's Arepa Bar — generating in 2027 $303,656 in annual base rent with a weighted average lease term of 7.9 years. Wynwood has experienced 124% residential population growth since 2015, attracting over 6 million annual visitors and commanding new construction retail rents well above the national average. With long-term leases in place, no landlord responsibilities for interior maintenance, and a Walker's Paradise score of 96, this asset offers an investor stable, management-light cash flow in one of the most visited and talked-about neighborhoods in the country.

FOR SALE DETAILS

PRICE

$5,521,000 USD

PRICE/SF

$1,567 USD /SF

CAP RATE

5.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wynwood NNN Retail Investment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

31,356 SF

STORIES

6

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

6100

APN/PARCEL ID

01-3125-091-0120,01-3125-091-0130

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

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Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.