2600-2610 N Miami Ave
Miami, FL 33127
Retail Property For Sale

Opportunity Overview: DWNTWN Realty Advisors is pleased to present the opportunity to purchase a main avenue, hard corner, value-add, adaptive re-use property. The property has over 100’ of frontage on North Miami, which is the most active Avenue in Wynwood from a traffic count perspective. This asset also has favorable high-density Wynwood NRD zoning which allows for maximum development of 8 stories by right with an additional 4 stories available via bonus. On an adaptive re-use approach, the building presents a clear path to lease-up and stabilization. The leasing program should include three parts. A 2nd generation restaurant with considerable outside space, an office, and showroom for an achievable 7% or greater return on cost. Property Description: 2600 - 2610 North Miami Avenue consists of two buildings on two levels totaling approximately 14,758 SF situated on a 13,125 SF lot. The subject property is comprised of a second-generation kitchen on the ground floor, a mezzanine and office space on the second floor. The building also includes an outdoor space facing NW 26th street, which can be repurposed into a courtyard or an F&B seating area. The spaces are move-in ready. Location Description: The subject property is located on the NW Corner of North Miami Avenue and NW 26th Street. This asset is located within walking distance to everything Wynwood has to offer in addition to being centrally located and adjacent to Midtown Miami, the Miami Design Design District, Edgewater, and Downtown proper.