100-120 NW 36th St - Retail FOR SALE


Miami, FL 33127
$6,300,000 USD
310-710-5080
100-120 NW 36th St, Miami, FL for Sale
$6,300,000 USD
Retail - FOR SALE
1/24
null | Request Cap Rate

100-120 NW 36th St
Miami, FL 33127


HIGHLIGHTS

  • High Exposure Corner
  • Centrally located between Wynwood, Midtown, and Miami Design District with Close proximity to the I-195
  • Site benefits from high-density Wynwood NRD-2 zoning, allowing for 150 units per acre and up to 12 stories of residential, hotel, office, and/or mix
  • Strong cash flow with a 5-year lease in place and one of the highest signed leases on NW 36th Street with $432k gross income.

OVERVIEW

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 100-120 NW 36th St, Miami, FL. The subject property consists of 6,024 SF of ground floor retail space situated on a 14,625 SF lot across two folios. The properties have a combined income of $432k, with The House of Arts being their main tenant, the remainder coming from the food trucks operating on the property. Sitting on a high-exposure corner on NW 36th Street that intersects NW 1st Avenue, the site is within the bounds of the Wynwood Norte neighborhood, just one block from what can be considered the heart of Midtown and a couple of blocks to the entrance of the Design District. Additionally, the property is within close proximity to the I-195 exit which connects to the I-95, giving this specific corridor an approximate daily car count of roughly 19,000 commuters passing through. The site benefits from high-density T6-8-O zoning falling within the Wynwood Norte NRD2 overlay, allowing for 150 units per acre, eight stories by right, with an additional four stories available via bonus. The two parcels can be sold together or 100 NW 36th Street can be sold individually.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$1,046 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Art Gallery

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-2

APN/PARCEL ID

01-3125-019-0260

ASK ABOUT THIS PROPERTY

George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.