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250 NW 24th St
Miami, FL 33127 Wynwood

$5,521,000 USD

Apartments Condo For Sale  •  3,523 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,356 SF
  • Lot Size 0.26 AC
  • Building Class B
  • Year Built 2015
  • Zoning 6100
59 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit CU-1 & 2 Retail 3,523 SF $5,521,000 USD
  • Unit Size: 3,523 SF
  • Condo Use: Retail
  • Price: $5,521,000 USD
  • Sale Type: Investment
  • Price/SF: $1,567.13 USD
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.

Description

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.

Highlights

100% Occupied with 7.88-Year Weighted Average Lease Term
Two F&B Tenants in Miami's Premier Arts District
2027 NOI $303,656 in Contractual Base Rent in Place
Core Wynwood Location

Property Flyers

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
  • Roof Terrace
  • Den
  • Dining Room
  • Freezer
  • Office
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 5 min - 1.7 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 5 min - 1.9 mi
AirportDriveWalkDistance
Miami International 22 min - 10.2 mi
Fort Lauderdale/Hollywood International 33 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 2
Type: Reserved
Included in Rent: Yes
Tony Arellano 786-235-8330 DWNTWN Realty Advisors
Tony Arellano 786-235-8330 DWNTWN Realty Advisors