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333 NE 24th St
Miami, FL 33137 Edgewater

$330,000 USD

Office Residential Condo For Sale  •  650 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 294,696 SF
  • Lot Size 1.28 AC
  • Building Class B
  • Year Built 2008
  • Tenancy Multiple
  • Zoning C-1, Miami
70 Transit Score
80 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit 312 Office 650 SF $330,000 USD
  • Unit Size: 650 SF
  • Condo Use: Office
  • Price: $330,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $507.69 USD
Sale Notes
Rare stabilized office condo investment in the heart of Miami's Wynwood/Edgewater corridor. Unit #312 at Gallery Art Condominium offers investors a turn-key, income-producing asset with zero lease-up risk — the property is fully leased to an established office tenant at $2,900/month with a 5-year term commencing March 1, 2026 and expiring February 28, 2031.
The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.
Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.
Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.

Description 

Gallery Art Condominium, Unit #312 is a boutique commercial office condo situated on the third floor of the Gallery Art building at 333 NE 24th Street, Miami, FL 33137. The unit is delivered fully leased and income-producing, with a long-term tenant in place under a five-year Commercial Lease Agreement commencing March 1, 2026 and expiring February 28, 2031.
The Gallery Art Condominium is a distinctive, design-forward mixed-use building located at the intersection of the Wynwood Arts District and the Edgewater neighborhood — two of Miami's most dynamic and rapidly appreciating urban submarkets. The building attracts creative professionals, tech firms, and boutique service businesses seeking a high-identity address in one of South Florida's most walkable, amenity-rich corridors.
The unit is zoned exclusively for office use and includes one dedicated parking space as a limited common element. Its third-floor position provides privacy and separation from street-level activity, typical of premium office layouts within the building.

Highlights

EDGEWATER LOCATION NEAR MIDTOWN AND WYNWOOD
10' FROM DOWNTOWN MIAMI
OPEN PLAN
Fully Leased — Day-1 Cash Flow $2,900/month | $34,800 gross / Year 1
4% Annual Rent Escalations Rent grows to $3,393/mo by Year 5
5-Year Lease Term Mar 1, 2026 through Feb 28, 2031

Amenities

  • Bus Line
  • Security System
  • Air Conditioning
  • Balcony

Public Transportation

Commuter RailDriveWalkDistance
5 min - 1.9 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 6 min - 2.0 mi
AirportDriveWalkDistance
Miami International 23 min - 10.5 mi
Fort Lauderdale/Hollywood International 33 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ezequiel Baredes 786-234-4321 BM2 Realty
Ezequiel Baredes 786-234-4321 BM2 Realty