100-120 NW 36th St. Midtown Art Gallery

Investment Highlights:

Prime Corner Location: Situated on the high-traffic intersection of NW 36th Street and NW 1st Avenue, the property enjoys exceptional visibility and exposure in the heart of Wynwood Norte, offering lucrative opportunities for residential, hotel, office, or mixed-use development.

Lucrative Zoning Opportunities: Benefiting from high-density Wynwood NRD-2 zoning, the site allows for significant development potential, permitting up to 150 units per acre and a maximum of 12 stories, providing investors with ample flexibility to capitalize on the vibrant urban landscape.

Central Connectivity: Strategically positioned between Wynwood, Midtown, and the Miami Design District, the property offers convenient access to major transportation arteries, including close proximity to I-195, facilitating seamless connectivity for commuters and residents alike.

Strong Cash Flow: With a 5-year lease in place, the property generates robust cash flow, boasting one of the highest signed leases on NW 36th Street, yielding a gross income of $432k. The primary tenant, The House of Arts, along with revenue from on-site food trucks, ensures stable returns for investors.

Executive Summary:

Comprising 6,024 SF of ground floor retail space spread across two folios on a 14,625 SF lot, the property generates a combined income of $432k. The House of Arts serves as the anchor tenant, supplemented by revenue from on-site food truck operations. Positioned at a prominent corner location within Wynwood Norte, the site benefits from T6-8-O zoning, allowing for high-density development, further enhanced by the Wynwood Norte NRD2 overlay, presenting a lucrative investment opportunity in one of Miami’s most dynamic neighborhoods.

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