FOR SALE: WAREHOUSE WITH CREDIT TENANT / LOT OPPORTUNITY

4277

Property ID

3,950 SqFt

Size

Description

Colliers is pleased to present the opportunity to acquire Wynwood 35, a unique investment opportunity featuring a 3,950 SF warehouse on an 9,500 SF lot located in the northern edge of Wynwood.

Walking distance to Midtown Miami and the restaurants and art galleries of Wynwood.​

The property is positioned directly on NW 2nd Avenue, a main thorough street and one block south of NW 36 Street on the northeast corner of NW 35 Street.​

This is the main corner located at the north entrance of Wynwood where it meets the highway and the Design District.​

The property is occupied by a City Electric, a credit tenant until December 2024.​

The property is zoned for high density residential as well as other commercial uses such as office, warehouse, and retail.​

The prospective buyer has the opportunity to tap into the significant upside and future development potential of the property and Wynwood North submarket.​

The buyer may continue operating the building and raise rent to market once the current lease expire or redevelop the property.​

Wynwood Norte is a unique multi-generational 207- acre neighborhood.

Which is centrally located within the downtown Miami boundary in proximity to transit, schools and job centers.​

It is in the area north of 29th St nestled between Wynwood, Midtown, Allapattah, and I95/Buena Vista.​

Wynwood Norte is 10% of the total urban core area in Miami.​

Highlights

  • ​Lease features a credit tenant with rent bumps
  • ​Significant rental upside
  • ​Future redevelopment opportunity
  • ​Central location
  • ​Quick access to the shops, retail and restaurants in Wynwood and Midtown.

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Address

Address: 3501 NW 2 Ave & 187 NW 35 St, Miami, FL 33127
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 4277
  • Price Price on call
  • Property Type Industrial, Warehouse
  • Property status For sale
  • Size 3,950 SqFt
  • Cap Rate 4.00%
  • Zoning NRD-2
  • Lot Area 9,500(sq ft)
  • NOI $96,267
  • Rent Bumps 3%

Contact

Zena Bardawell Farah

Property Agent
+1 305-967-7200
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