Midtown Art Gallery | 100-120 NW 36th St
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Midtown Art Gallery 100-120 NW 36th St
6,024 SF Retail Building Miami, FL 33127 $6,300,000 ($1,046/SF)
Investment Highlights
- High Exposure Corner
- 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
- Centrally located between Wynwood, Midtown, and Miami Design District with Close proximity to the I-195
- 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.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
6,024 SF
Building Class
C
Year Built
1977
Price
$6,300,000
Price Per SF
$1,046
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Land Acres
0.34 AC
Zoning
C-2 - Commercial
Parking
6 Spaces (1 Space per 1,000 SF Leased)
Frontage
93 FT on Northwest 36th Street
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3125-019-0260 | Improvements Assessment | $494,357 |
| Land Assessment | $2,468,750 | Total Assessment | $2,963,107 |
PROPERTY TAXES
Parcel Number
01-3125-019-0260
Land Assessment
$2,468,750
Improvements Assessment
$494,357
Total Assessment
$2,963,107
-
George Belesis -
DWNTWN Realty Advisors
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Midtown Art Gallery | 100-120 NW 36th St
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