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$1,715,000
Est. payment /mo
2,634 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,634 sqft
Price per Sqft $651
MLS Listing ID A11970715
HOA Y/N No
Year Built 1957
Lot Size 5,873 Sqft
Property Sub-Type Commercial
Property Description
Gridline Properties is pleased to present the exclusive offering of a free-standing, industrial/mixed-use building
located at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategically
positioned within one of the city's most active urban growth corridors, benefiting from strong demand
fundamentals and accelerating redevelopment momentum.
The asset is 100% occupied by a single tenant, a well-established music studio and recording business,
operating under a long-term lease with annual rental increases, providing stable in-place cash flow. The offering
is an attractive opportunity for investors seeking dependable income today while maintaining exposure to
one of South Florida's most active corridors.
Zoned industrial with the ability to develop up to eight (8) stories and potential eligibility under the Live Local
program, the property oers compelling long-term redevelopment optionality. This investment is well suited
for buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one of
Miami's most dynamic infill submarkets.
located at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategically
positioned within one of the city's most active urban growth corridors, benefiting from strong demand
fundamentals and accelerating redevelopment momentum.
The asset is 100% occupied by a single tenant, a well-established music studio and recording business,
operating under a long-term lease with annual rental increases, providing stable in-place cash flow. The offering
is an attractive opportunity for investors seeking dependable income today while maintaining exposure to
one of South Florida's most active corridors.
Zoned industrial with the ability to develop up to eight (8) stories and potential eligibility under the Live Local
program, the property oers compelling long-term redevelopment optionality. This investment is well suited
for buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one of
Miami's most dynamic infill submarkets.
Location
State FL
County Miami-dade
Area 30
Exterior
Private Pool Yes
Others
Tax ID 01-31-26-009-0390
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11970715
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Listed by Gridline Properties
NEARBY SCHOOL & BUSINESS
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