Retail Space For Lease @ 170 Nw 24th St

The subject property consists of a +/-6,000 SF building on a 10,500 SF combined lot. The two contiguous parcels, 170 NW 24 St & 165 NW 23 St, provide dual frontage on two of Wynwood's highly activated streets. Demised into 3 fully entitled restaurant spaces. The estimated 4.73% cap in year one is grounded on F&B rental rates now being achieved in the Wynwood sub-market. Given both the lot size and current positioning, this opportunity is well suited for investor & developer alike as a covered land benefiting from an income producing property with mid-term upside.
The spaces are individually metered for both electric and water. Property is connected to a 12" water main. Major upgrades to electric service and plumbing have been recently completed. 14' ceilings, Twin-T construction. The 40 year re-certification was completed in 2019.
Located adjacent to 1-800-Lucky, one half block east of Panther Coffee & directly across the street from the site of PMG's Society Wynwood. This property is in the geographical center of Wynwood's Business Improvement District and will continue to benefit from a rapidly growing 24 hour population.
Zoned T5-O/NRD-1 This space offers accomodations for: post office.