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Design District Free-Standing Building 245 NE 37th St 7,132 SF Office Building Miami, FL 33137 $17,500,000 ($2,453.73/SF)



INVESTMENT HIGHLIGHTS
- Free Standing Miami Design District Building
- Transit Oriented Infill Development Site
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 245 NE 37th Street, a rare Design District offering featuring a fully renovated creative studio building with exceptional optionality and long-term redevelopment potential. Situated at the convergence of the Miami Design District, Midtown, and Wynwood, the property delivers irreplaceable positioning in one of Miami’s most supply-constrained and highest-growth commercial corridors. The existing improvements — thoughtfully reimagined by Oppenheim Architecture — provide a turn-key creative environment ideal for luxury brands, design firms, content creators, or showroom operators seeking immediate presence in Miami’s most influential commercial district. With high ceilings, multiple studio bays, conference and production areas, and premium design elements throughout, the asset offers both functional usability and architectural distinction. Beyond its current use, the property sits on a uniquely efficient site with flexible zoning and significant development upside, supported by the surrounding wave of mixed-use, residential, and commercial projects reshaping the area. Investors benefit from multiple exit strategies: occupy, lease and hold, or pursue future redevelopment in a submarket where land values continue to accelerate and institutional demand remains strong. This is an exceptionally scarce opportunity to acquire a boutique Design District asset with immediate utility, brand-elevating architecture, and long-term value creation potential in one of the most dynamic urban markets in the United States.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,132 SF
Building Class
B
Year Built
1951
Price
$17,500,000
Price Per SF
$2,453.73
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,566 SF
Building FAR
0.86
Lot Size
0.19 AC
Zoning
T6-12-O
Parking
14 Spaces (1.96 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 01-3219-045-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,933,560 |
PROPERTY TAXES
Parcel Number
01-3219-045-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,933,560
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Design District Free-Standing Building | 245 NE 37th St
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