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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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.50% |
| Sale Type | Investment |
| Cap Rate | 5.50% |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit CU-1 & 2 | 3,523 SF | Retail | $5,521,000 ($1,567.13/SF) | $303,655 |
Unit CU-1 & 2
| Unit Size |
| 3,523 SF |
| Condo Use |
| Retail |
| Price |
| $5,521,000 ($1,567.13/SF) |
| NOI |
| $303,655 |
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Unit CU-1 & 2
| Unit Size | 3,523 SF |
| Condo Use | Retail |
| Price | $5,521,000 ($1,567.13/SF) |
| NOI | $303,655 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
Site Amenities
- Roof Terrace
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Cleopatra Ink |
-
|
January 2029
|
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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250 NW 24th St - Wynwood NNN Retail Investment
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