- For sale
Colliers is pleased to present the opportunity to acquire Wynwood 34, a unique investment opportunity featuring a 7,660 SF warehouse on an 10,000 SF lot located in the northern edge of Wynwood, walking distance to Midtown Miami and the restaurants and art galleries of Wynwood. The property is positioned directly on NW 2nd Avenue, a main thorough street and one block south of NW 36 Street on the northwest corner of NW 35 Street and spanning to the southwest corner of NW 34 Terrace with one block of frontage. This is the main corner located at the north entrance of Wynwood where it meets the highway and the Design District.
The property is currently vacant and zoned for mixed use, which includes high-density residential as well as other commercial uses such as office, warehouse, and retail. The building was renovated in 2016 with a brand-new roof, plumbing, electric, AC, elevator, windows, shutters, and alarm. The prospective purchaser may tap into the significant upside and future development potential of the property and Wynwood Norte submarket. The buyer will have the ability to use and operate the building or rent it out as well as redevelop the lot.
Wynwood Norte is a unique multi-generational 207- acre neighborhood, which is centrally located within the downtown Miami boundary in proximity to transit, schools and job centers. It is in the area north of 29th Street nestled between Wynwood, Midtown, Allapattah, and I-95/Buena Vista. Wynwood Norte is 10% of the total urban core area in Miami.
Wynwood is an eclectic district in the urban core of Miami. It is home to art galleries, retail stores, antique shops, eclectic bars, artisanal eateries and one of the largest open air street art installations in the world. Throughout the mid-to-late 1900s, Wynwood was an enclave for Caribbean immigrants and home to Miami’s Garment District. Following a decade of economic exodus and depression, in the early 2000s, forward thinking developers and property owners rehabilitated neglected warehouses, shuttered factories, and other unused buildings, transforming them into the innovative businesses that are visible today. The property is located off NW 2nd Avenue, just blocks from the Shops at Midtown Miami, Wynwood and Edgewater.