High Visibility Wynwood Corner Building 591 NW 29th St Local d'activités 487 m² 100 % Loué À vendre Miami, FL 33127 4 735 830 € (9 715,28 €/m²)

You can find the full OM here: https://dwntwnrealtyadvisors.com/our-listings/591-nw-29th-street
DWNTWN Realty Advisors is pleased to exclusively present 591 NW 29th Street (the "Property"), a 5,247 SF corner commercial building on a 9,000 SF lot located at the signalized intersection of NW 29th Street and NW 6th Avenue in Miami's Wynwood Arts District. The Property was delivered following a $700,000 capital improvement program including new foundations, electrical, HVAC, sprinklers, and impact windows and doors. Street parking is available.
The Property is 65% leased at closing to two personally guaranteed tenants, Endgame Training LLC, a gym operator occupying 1,867 SF under a 5-year lease with 3% annual escalations, and Canopee Tech Inc., a digital menu board showroom occupying 1,566 SF under a 3-year lease stepping to $38.05/SF by Year 3. The remaining approximately 1,814 SF suite, currently owner-occupied, will be delivered vacant at closing and is underwritten to lease at market rents beginning Year 2, giving a new owner a defined, near-term path from partial to full occupancy without relying on speculative rent growth for the in-place tenancy.
Zoned T6-8-O with an NRD-2 overlay, the Property carries long-term redevelopment optionality up to 8 stories (12 with bonus density) beyond its current improvements. 591 NW 29th Street represents an opportunity to acquire a partially stabilized, contractually growing income stream with a clear, near-term lease-up mechanism at one of Wynwood's most visible corners.