A rare Wynwood Core Plus retail investment for sale. The property consists of 3,713 SF of rentable ground floor retail at 250 Wynwood, one of the area’s newest residential developments.
This property represents a unique opportunity to acquire two fully rented retail bays with highly successful restaurant tenants. Laid Fresh, the newest creation from the masterminds behind KYU, Florida’s hottest restaurant. Crudos Fusion Art is a colorful 50 seat bistro serving Asian and Latin American fusion dishes has been one of Wynwood’s most popular venues for the past two years.
With under market rents and percentage of sales mechanisms in place, the opportunity has significant upside with nominal risk, considered the most demanded product type as second-generation restaurant spaces have virtually zero availability.
Current Leases are 30% Under Market.
Opportunity to Achieve an 8% Cap Rate.
Existing Cash Flow.
Fully Built Out Restaurant Spaces.
Unbeatable Location Next to Cube Wynwood, Wynwood 25, and the Mana Convention Center
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listed with Metro 1.