150 NW 21st St - The Wynwood Center Development Site 5,950 SF Specialty Building Offered at $13,950,000 in Miami, FL 33127
INVESTMENT HIGHLIGHTS
- The Event Venue Holds A Current Assembly License That Allows For Special Events
- Vibrant Retail Neighborhood With Several Development Undertakings
- Upzoning Possibility with the Live Local Act
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 150 NW 21st Street, Miami, FL
33127. The subject property is a 21,200 SF development site, ideal for mixed-use or a boutique hotel, zoned T5-O, allowing
for 8 stories, 73-109 with bonus or 146-219 keys for a total surface of 135,000 SF. The site is located on 21st Street, a block
away from NW 2nd Avenue, traversing the center of Wynwood. It is currently operated as an event venue and film studio.
Wynwood is a vibrant retail neighborhood with brands including Pastis, Doya, Uchi, Billionaire Boy’s Club, Smorgasburg
Mami, and more. There are over 35 developments under construction or planned in Wynwood, with a pipeline of 5,500
residential units and 400,000 SF of Retail to be developed in the next few years.
33127. The subject property is a 21,200 SF development site, ideal for mixed-use or a boutique hotel, zoned T5-O, allowing
for 8 stories, 73-109 with bonus or 146-219 keys for a total surface of 135,000 SF. The site is located on 21st Street, a block
away from NW 2nd Avenue, traversing the center of Wynwood. It is currently operated as an event venue and film studio.
Wynwood is a vibrant retail neighborhood with brands including Pastis, Doya, Uchi, Billionaire Boy’s Club, Smorgasburg
Mami, and more. There are over 35 developments under construction or planned in Wynwood, with a pipeline of 5,500
residential units and 400,000 SF of Retail to be developed in the next few years.
PROPERTY FACTS
| Price | $13,950,000 |
| Price Per SF | $2,344.54 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Movie/Radio/TV Studio |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,950 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | T5-O - Open T5 Urban Center Zone |
AMENITIES
- Air Conditioning
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 01-3125-054-0490 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,850,080 |
