Update: HFF closed the sale of this property in April 2019. For a listing of current commercial real estate listings in Miami, please click here to be redirected to our Property Search page.
Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale the fee interest in 2701 NW 2nd Avenue, a permitted development or repositioning opportunity at the epicenter of Miami’s Wynwood district, the hottest arts district in the United States. The site offers about 11,797 square feet at the hard-corner intersection of 27th Street and NW 2nd Avenue, Wynwood’s most desirable and busiest exposure commanding a significant rent premium over the market.
The development site for sale is currently improved with a single-level structure, and the owner has invested significant resources and time to vacate the premises and secure the required construction permits, enabling an investor the opportunity to immediately complete the transformation of this property and capture the insatiable demand from tenants to locate within one of the U.S.’ coolest neighborhoods. Over the longer term, the site’s favorable zoning allows for development up to eight stories in height with bonuses. The site for sale is unencumbered by existing financing or in place leases.
2701 NW 2nd Avenue represents a fully permitted repositioning opportunity with long-term development potential. For more information on this commercial real estate listing or other South Florida properties for sale, please contact Manuel de Zarraga, Luis Castillo or Ted Taylor in HFF’s Miami office. Click here for our real estate investment sales search page.