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Mixed-Use

2010 NW 1st Ct

2010 NW 1st Ct, Miami, FL 33127

Listing Price: $9,400,000

Lot Size
0.68 acres
Price/Acre
$13,844,000
Land Type
Redevelopment
Buildable Square Feet
138,567

Investment Overview

Marcus & Millichap is pleased to exclusively present 2010-2022 NW 1st Court located the rapidly growing Miami neighborhood of Wynwood. The offering is comprised of two pairs of adjacent development parcels: 13,715 square feet on the East Side of NW 1st Court and an additional 15,900 square feet on the West Side, totaling to .679-acres (or 29,615 square feet). The subject property is currently occupied by two tenants on NNN leases with the opportunity for a new landlord to execute a termination with 90-day notice positioning the opportunity to obtain cash-flow prior to redevelopment.

The subject properties are within the NRD-1 Wynwood zoning Section of Miami, sitting on an overlay of the T6-8-O Urban Core Zone. The liberal zoning allows for a variety of commercial uses including office, retail, multi-family, and hospitality, to name a few. The two folios on the West Side of NW 1st Ct, allow for 79,500 of total buildable square footage and the two folios on the East Side of the street allow for a total of 59,067 square feet going up to eight stories.

Wynwood, Miami's Art District, is a transforming and electric neighborhood within the city's urban core. Located minutes from Miami Beach, Downtown Miami, MIA International Airport, and Miami's Design District, Wynwood has become an ideal location for locals to live, work, eat, and play. The vibrant neighborhood is home to over 400 businesses, 1,000 full-time residents, and some of the city's best retail, restaurants, bars, and shops. Additionally, Wynwood is a tourist hot spot, welcoming over four-million visitors a year. The neighborhood has gone through a structural change phase since 2018 creating a surge of new development including retail, apartments, and office space with many new projects in the pipeline. The city is very involved in their vision of "re-purposing manufacturing warehouse districts".










Investment Highlights

  • Unique Opportunity To Acquire Four Redevelopment Lots in Exploding Wynwood Market
  • 29,615 Square Feet of Total Lot Size
  • Liberal Commercial Zoning Allowing for a Variety of Uses
  • Located Minutes from Miami Beach, Downtown Miami, Brickell & Midtown

Exclusively Listed By

Listing Price: $9,400,000

Lot Size
0.68 acres
Price/Acre
$13,844,000
Land Type
Redevelopment
Buildable Square Feet
138,567

Investment Highlights

  • Unique Opportunity To Acquire Four Redevelopment Lots in Exploding Wynwood Market
  • 29,615 Square Feet of Total Lot Size
  • Liberal Commercial Zoning Allowing for a Variety of Uses
  • Located Minutes from Miami Beach, Downtown Miami, Brickell & Midtown

Investment Overview

Marcus & Millichap is pleased to exclusively present 2010-2022 NW 1st Court located the rapidly growing Miami neighborhood of Wynwood. The offering is comprised of two pairs of adjacent development parcels: 13,715 square feet on the East Side of NW 1st Court and an additional 15,900 square feet on the West Side, totaling to .679-acres (or 29,615 square feet). The subject property is currently occupied by two tenants on NNN leases with the opportunity for a new landlord to execute a termination with 90-day notice positioning the opportunity to obtain cash-flow prior to redevelopment.

The subject properties are within the NRD-1 Wynwood zoning Section of Miami, sitting on an overlay of the T6-8-O Urban Core Zone. The liberal zoning allows for a variety of commercial uses including office, retail, multi-family, and hospitality, to name a few. The two folios on the West Side of NW 1st Ct, allow for 79,500 of total buildable square footage and the two folios on the East Side of the street allow for a total of 59,067 square feet going up to eight stories.

Wynwood, Miami's Art District, is a transforming and electric neighborhood within the city's urban core. Located minutes from Miami Beach, Downtown Miami, MIA International Airport, and Miami's Design District, Wynwood has become an ideal location for locals to live, work, eat, and play. The vibrant neighborhood is home to over 400 businesses, 1,000 full-time residents, and some of the city's best retail, restaurants, bars, and shops. Additionally, Wynwood is a tourist hot spot, welcoming over four-million visitors a year. The neighborhood has gone through a structural change phase since 2018 creating a surge of new development including retail, apartments, and office space with many new projects in the pipeline. The city is very involved in their vision of "re-purposing manufacturing warehouse districts".










Exclusively Listed By

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