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250 NW 24th St - Wynwood NNN Retail Investment 3,523 SF Retail Condo Unit Offered at $5,521,000 in Miami, FL 33127
Investment Highlights
- 100% Occupied with 7.88-Year Weighted Average Lease Term
- 2027 NOI $303,656 in Contractual Base Rent in Place
- Two F&B Tenants in Miami's Premier Arts District
- Core Wynwood Location
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Walk-In Closets
- Den
- Dining Room
- Freezer
- Office
- Patio
Site Amenities
- Roof Terrace
1 Unit Available
Unit CU-1 & 2
| Unit Size | 3,523 SF | Sale Type | Investment |
| Price | $5,521,000 | Cap Rate | 5.50% |
| Price Per SF | $1,567.13 | NOI | $303,655 |
| Condo Use | Retail |
| Unit Size | 3,523 SF |
| Price | $5,521,000 |
| Price Per SF | $1,567.13 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| NOI | $303,655 |
Description
Two ground-floor commercial condo units (CU-1 and CU-2) totaling 3,523 SF located within 250 Wynwood, a six-story, 11-unit luxury multifamily building completed in 2015. CU-1 comprises 1,730 SF and CU-2 comprises 1,793 SF, each with direct street-level access and prominent frontage along NW 24th Street. Both units feature open floor plans, high ceilings, and full restaurant build-outs. Located one block from Wynwood Walls in Miami's premier arts and entertainment district, with a Walk Score of 96.
Sale Notes
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.
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Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 11 | - | 1,420 |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Cleopatra Ink |
-
|
Jan 0000
|
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250 NW 24th St - Wynwood NNN Retail Investment
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