Dual-Frontage Restaurant
For Sale
Contact for pricing
170 NW 24th St, Miami, FL 33127
Two contiguous parcels provide restaurant space with frontage on NW 24th and NW 23rd Streets.
Property Size6,000 SF
Lot Size0.24 Acres
Days on Market144
Property Features for 170 NW 24th St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.24 Acres
Property subtype
Special Purpose
Additional Details
Cap Rate
6.3%
Utilities to Site
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Central Commercial Real Estate
(786) 577-4974
Listed By:
Ari Dispenza · License #3085357
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Central Commercial Real Estate
Investment Insights
Based on property information with market context.
This restaurant property combines two contiguous parcels with a 6,000 SF building on 10,500 SF of land. The configuration includes three fully entitled restaurant tenants, creating an operating asset with established occupancy and in-place income. Electric and water service are separately metered for each tenant, and all impact fees have been paid.
The property includes 170 NW 24th St and 165 NW 23rd St in Miami’s Wynwood sub-market, with frontage along both streets. An estimated 6.3% cap rate is based on a 2 year proforma using rental rates already being achieved in the Wynwood sub-market.
The property includes 170 NW 24th St and 165 NW 23rd St in Miami’s Wynwood sub-market, with frontage along both streets. An estimated 6.3% cap rate is based on a 2 year proforma using rental rates already being achieved in the Wynwood sub-market.
Key Highlights
- 6,000 SF building on 10,500 SF of land
- Two contiguous parcels with frontage on 170 NW 24th St and 165 NW 23rd St
- Three fully entitled restaurant tenants provide in‑place income
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,210
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
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Similar Off Market Nearby
- Food trucks — 192 NE 32nd St, Miami, FL 33137
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two contiguous parcels provide restaurant space with frontage on NW 24th and NW 23rd Streets.
Where is this conventional restaurant located?
The property is located at 170 NW 24th St Miami, FL.
What are key features of this property?
This property features: 6,000 SF building on 10,500 SF of land; Two contiguous parcels with frontage on 170 NW 24th St and 165 NW 23rd St; Three fully entitled restaurant tenants provide in‑place income
