124 NW 15th Ave 22,000 SF Specialty Building Offered For Sale in Miami, FL 33125

Michael Betancourt of CBRE Miami is proud to exclusively present 124 NW 15th Ave, a strategic infill investment opportunity located within one of Miami’s most rapidly evolving urban corridors. Positioned between Wynwood, Allapattah, Downtown Miami, and the Health District, this centrally located asset offers immediate usability with long-term mixed-use redevelopment potential under flexible T5-L zoning.
The property consists of an existing commercial structure situated on a well-located urban parcel within close proximity to major employment drivers, residential growth, and institutional anchors. The asset benefits from strong connectivity to I-95, SR 836, and key arterial roadways, providing direct access to the broader Miami metropolitan area.
124 NW 15th Ave is zoned T5-L, a highly adaptable Urban Mixed-Use designation that permits a broad spectrum of retail, office, residential, live-work, and neighborhood commercial uses at moderate density. The zoning framework encourages pedestrian-oriented development and supports vertical mixed-use configurations, providing future optionality for repositioning or redevelopment.
The surrounding submarket continues to experience steady reinvestment as rising land values in Wynwood and Downtown push capital westward. Residential infill, creative office conversions, medical expansion tied to the Health District, and small-scale mixed-use development are actively reshaping the corridor. Supply of centrally located infill parcels remains limited, reinforcing the long-term strategic value of well-positioned land holdings.
The asset presents multiple execution strategies for prospective buyers, including:
• Owner-user acquisition with long-term land appreciation
• Value-add repositioning and lease-up strategy
• Adaptive reuse aligned with creative or service demand
• Mixed-use redevelopment under T5-L zoning
• Strategic land hold in a path-of-growth corridor
Unlike stabilized high-street trophy assets priced at compressed cap rates, 124 NW 15th Ave offers investors the opportunity to acquire centrally located Miami real estate with operational flexibility and zoning-driven upside.
As Miami continues its westward expansion from Wynwood and Downtown, well-positioned infill assets such as 124 NW 15th Ave stand to benefit from sustained migration of capital, tenants, and residents seeking relative value within the urban core.
This offering represents a rare opportunity to control flexible mixed-use land in a supply-constrained market with multiple exit strategies and long-term appreciation potential.
Exclusively offered by Michael Betancourt, CBRE Miami.