USD 6,900,000

170 NW 24th St
Miami, Florida 33127

For Sale

Property Description

The subject property is comprised of a 6,000 SF of building on a combined 10,500 SF of land. The two contiguous parcel offering includes both 170 NW 24 St & 165 NW 23 St, constituting a flow-through property with 50' of frontage on two of Wynwood's highly activated streets. In-place income from three fully entitled restaurant tenants, the largest and longest-running of which is at dramatically below market rental rate. The estimated 6.2% cap rate on a 3 year proforma is grounded in rental rates already being achieved in the Wynwood sub-market. All impact fees have been paid. Tenant's are separately metered for both electric and water. Exclusively represented by Central Commercial Real Estate

Listed by Central Commercial Real Estate

Property Details

ID #
A10833234
Status
Sale
Type
Commercial, Industrial, Retail
Zip Code
33127
Building Area
5,880ft2
Construction
Concrete Block Construction
Floor
Concrete Floors
Occupancy
Call Listing Agent
Roof
Concrete Roof
Type of Building
Commercial/Residential Income, Restaurant/Bar
Utilities
Internet
Zoning Information
6101

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