250 NW 23 # 202

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250 NW 23 # 202

miami, FL 33127
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

Located at 250 NW 23rd Street, Suite 202, this retail property is situated in the Wynwood North area of Miami. The neighborhood is characterized by its industrial-style architecture, street art, and a mix of creative studios and commercial spaces. The property is positioned near the I-95 expressway and North Miami Avenue, providing local vehicular access. The immediate vicinity features a variety of lifestyle amenities, including galleries, dining establishments, and boutiques, which contribute to the district's steady foot traffic and established commercial environment. The space is suited for retail concepts that benefit from the neighborhood’s identity as a hub for art and design. Typical tenant profiles for this location include apparel boutiques, specialty showrooms, art galleries, and service-oriented businesses aiming for proximity to Wynwood’s pedestrian corridors. Given the asset type and location, the property is best utilized by tenants seeking a presence in an urban district characterized by high visibility and a diverse mix of local and visiting consumers.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times