169 NW 23rd St | Miami, FL 33127
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- LoopNet Team
169 NW 23rd St
Miami, FL 33127
Wynwood Renovated Infill Retail Opportunity · Retail Property For Sale
Investment Highlights
- Multi-tenant retail offering priced under $5 million in the heart of Wynwood Arts & Entertainment District
- Strong 4% base rental increases for each lease
- Both tenants have 6+ years remaining on base lease term
- 100% occupied property - both restaurant tenants are paying full rent with no Covid related concessions
- Subject property recently gut renovated with new plumbing, storefronts, greasetraps, new HVAC units, utility meters, garbage rooms and bathrooms
- Ease of management investment with tenants reimbursing for all operating expenses aside from roof replacement
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,959 SF
Building Class
B
Year Built
1970
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.70
Lot Size
0.13 AC
Zoning
T5-0 - Commercial
Frontage
50’ on NW 23rd Street
Property Taxes
| Parcel Number | 01-3125-038-0170 | Improvements Assessment | $1,240,000 |
| Land Assessment | $2,625,000 | Total Assessment | $3,865,000 |
Property Taxes
Parcel Number
01-3125-038-0170
Land Assessment
$2,625,000
Improvements Assessment
$1,240,000
Total Assessment
$3,865,000
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