Investment Overview

Marcus & Millichap is proud to present for auction a premier retail commercial property located at 4200–4204 NW 2nd Ave in the heart of Miami’s thriving Wynwood neighborhood. This unique investment opportunity offers a blend of immediate income and significant value-add potential in one of South Florida’s most dynamic and sought-after markets. As Wynwood continues to flourish as a cultural and commercial epicenter, this property is poised to deliver strong returns for investors looking to capitalize on the area’s ongoing growth and high demand. The property consists of approximately 7,000 square feet of rentable space spread across three bays on a 0.25-acre lot. Two of the bays, Suites 4200 and 4202, are fully leased, ensuring an immediate income stream. This stability is rare in such a dynamic and competitive market. The third bay, Suite 4204, presents a unique value-add opportunity. Spanning 4,400 square feet, this suite is ideally suited for a full-service restaurant and lounge, with plans already submitted for city approval. As Wynwood continues to attract visitors and locals seeking high-quality dining and entertainment, this space has immense potential to command premium lease rates, further driving revenue. The property is undergoing a complete gut renovation, modernizing its infrastructure and ensuring it meets the demands of today’s tenants and consumers. Built in 1957 and slated for completion in 2025, this property blends the charm of its original architecture with the efficiency and appeal of contemporary upgrades. Located near major thoroughfares, public transportation, and prominent retailers in the Design District, the property benefits from exceptional visibility and accessibility, crucial factors for retail success. One of the most compelling aspects of this investment is its location within Wynwood, a neighborhood synonymous with creativity, culture, and commerce. Over the past decade, Wynwood has transformed into a magnet for tourists and businesses alike, with foot traffic fueled by art galleries, trendy boutiques, and a thriving food scene. The area’s consistent growth ensures a steady demand for retail and entertainment spaces, making this property an excellent vehicle for both stable income and long-term capital appreciation. With an auction starting bid of $1,200,000, this investment presents a rare chance to acquire a high-potential asset in a high-demand market. The current occupancy rate of 37% underscores the room for revenue growth as Suite 4204 is leased and operational. Once fully tenanted, this property will deliver not only stable cash flow but also the possibility of substantial increases in valuation as Wynwood’s allure continues to grow. For investors seeking a property that combines immediate income, value-add potential, and a prime location, 4200–4204 NW 2nd Ave checks every box. Its proximity to public transportation, major retailers, and a thriving cultural district positions it as a cornerstone asset in any real estate portfolio. Don’t miss the chance to invest in Wynwood, where opportunities like this are as rare as they are rewarding.