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    250 23Rd St Miami, FL 33127

    Sponsored
    For Sale
    $700,000

    Prime Wynwood mixed-use investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,063 square foot mixed-use property, located at 250 NW 23rd St #203 in Miami, Florida's vibrant Wynwood Art District, presents a compelling investment opportunity. Built in 2005, this open loft space seamlessly blends residential and office functionality, ideal for a variety of uses. The unit boasts a spacious layout with 12-foot ceilings, creating an airy and modern atmosphere. A fully equipped kitchen includes appliances such as a dishwasher and microwave, adding to the unit's convenience. In-unit laundry facilities with a washer and dryer are also included. This building is part of a smaller community, consisting of only 35 units, offering a more intimate and exclusive living experience. Residents enjoy access to a rooftop pool, providing a relaxing retreat within the bustling Wynwood neighborhood. The property's strategic location within the heart of Wynwood places it within easy reach of numerous art galleries, trendy restaurants, and vibrant nightlife. The asking price for this unique mixed-use property is $700,000. This is a rare opportunity to acquire a well-appointed unit in one of Miami's most sought-after neighborhoods. The property is classified as an apartment building and is situated in Miami-Dade County, Florida, with a zip code of 33127.

    Property Features for 250 23Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2005

    HighLights

    • 1,063 SF mixed‑use loft in Wynwood, Miami.
    • Built in 2005, offering open layout with 12‑foot ceilings.
    • Features a full kitchen with appliances and in‑unit laundry.
    • Located in a 35‑unit building with a rooftop pool.
    • Asking price: $700,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wynwood Lofts Condominium Complex Eurolab Inc Dental Laboratory Charest-Weinberg Gallery, LLC Art Gallery Radio 105 @ Miami Radio Broadcaster Harris Food Group ... Grocery Store

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1998205
    Latitude
    25.7992869

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    FAQs

    What type of property is this?
    Multifamily property - Prime Wynwood mixed-use investment opportunity.
    Where is this multifamily property located?
    The property is located at 250 23Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1,063 SF mixed-use loft in Wynwood, Miami.; Built in 2005, offering open layout with 12-foot ceilings.; Features a full kitchen with appliances and in-unit laundry.
    Request Owner's contact information
    250 23Rd St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 23Rd St Miami, FL 33127
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