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1900 NE Miami Ct Motivated Seller MIAMI BEACH Gateway to Wynwood / Edgewater

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1900 NE Miami Ct Motivated Seller MIAMI BEACH Gateway to Wynwood / Edgewater HIGHLY NEGOTIABLE - QUICK CLOSE $8.5 MILLION REDUCED PRICE QUICK SALE PRICING 1900 NE MIAMI CT Motivated Seller MIAMI BEACH GatewaY TO WYNWOOD / Edgewater BRICKELL DOWNTOWN MIAMI EDGEWATEREDGEWATERWYNWOOD N Miami Ave nd Ave NW 20 th St NW 2 WYNWOOD FOR SALE .98 ACRE MIXED-USE/CreatiVE OFFICE-retail JOHN F. BELL WILLIAM Hart REDEVELOPMENT SITE/3 STORY COMMERCIAL BUILDING Managing Director Financial Analyst│Capital Markets [email protected] [email protected] 305.808.7820 305.808.7314 N MIAMI AVENUE & NE 20TH STREET | MIAMI, FLORIDA LICENSED REAL estate BROKER Demonstrated Demand for Mixed-Use Residential & Commercial in Wynwood EXECUTIVE SUMMARY CREATIVE OFFICE-RETAIL OR REDEVELOPMENT - MIXED USE OPPORTUNITY REDEVELOPMENT OPPOrtUNitY: Mixed-Use, Residential / Retail / Office / Hospitality Prime Location in Miami’s Dynamic Emerging Market - Wynwood THE OPPORTUNITY 1900 NOrtheast MIAMI COUrt Transwestern has been retained on an exclusive basis to arrange the sale MIAMI, FLORIDA of the 1900 NE Miami CT site (“Property”). Price Reduced: Motivated Seller $8,500,000 50,317 SF • REPOSITION OPPORTUNITY: The Property is currently improved Building Size To be vacated by school with a vacant 50,317 SF former office/industrial facility that was partially renovated in 2011 to accommodate a charter school and can Year Built / Renovated 1923/2011 be renovated and occupied with creative office or retail commercial Site Size 42,765 SF / .98 Acres uses. The school will be moving to a new building across the street. Zoning T-6-8 O • REDEVELOPMENT OPPORTUNITIES ARE IMMEDIATE. The unique Zoning Allows Retail /Office /Residential /Lodging /Commercial high profile location at the gateway to the Wynwood neighborhood Development Height 8 Stories / 12 with bonus is ideal for a variety of uses, including mixed-use residential, retail, office and apartments. MIAMI BEACH 95 ARSCHT PERFORMING Arts 395 CENTER 1900 NE MIAMI CT CEMETERY BISCAYNE PARK N Miami Ave CITY OWNED WYNWOOD 1900 NE MIAMI CT 2 Opportunity Overview: Redevelop or Adaptive Reuse EXECUTIVE SUMMARY KEY INVESTMENT HIGHLIGHTS • “Gateway to Wynwood” Entrance to the emerging market of Wynwood from the south, and also serves as the western entrance to Edgewater. • High Profile Double Corner. • Poised to be “Iconic location”: A truly unique site that has long term enhanced value as the market further matures. • Mixed-Use Redevelopment Opportunity: Apartments/ Retail / Office / Galleries. Expanding Demand for these uses. • User/ Adaptive reuse opportunity for existing 3 story building. • Easy access at stoplight intersection. • Income Opportunities: Lease existing building to creative businesses and event operators while planning redevelopment, reap income, cover carry costs. • Excellent Signage Exposure / Art Basel Opportunity: Strong market presence / exposure on N. Miami Avenue. Attracts prospective tenants for redevelopment. Advertising and Event income possibilities during BISCAYNE PARK numerous art festivals can be derived while contemplating development CITY OWNED plans and/or incorporated into new uses for the site. • Perfect adjacent properties: Buffered by the amenity of a City park and fire station that insulates the1900 NE Miami CT site from blocked views by future adjacent development. • Exceptional surrounding amenity base: Galleries, restaurants, culture, 1900 NE MIAMI CT and nightlife make Wynwood Miami’s hottest neighborhood. NE Miami Ct • Current School Owner will move to building across the street. NE 20 • Economic Incentives - Government Sponsored. th St ZONING DENSITY HIGHLIGHTS N Miami Ave • High density zoning: T6-8. • Zoning allows up to 12 stories, with bonuses. • Maximum Gross Building Area of 267,281 SF. • Maximum Residential Density 490 units. 1900 NE MIAMI CT 3 Potential Uses Abound –Development or Adapting Existing Building EXECUTIVE SUMMARY A charter school presently occupies and operates a school in the 3 story building, and will move to the new school they are building across the SAMPLE USES ALLOWED street. Residential Condos CENTRAL LOCATION Apartments • Redevelop entire 42,765 SF site with Mixed-Use Residential and Retail/Office Retail / Office / Technology Project. Student Housing • Adjacent Public Park a built in amenity. Parking Structures • Retail & Commercial in hot demand on this corridor. Universities & Schools • Technology Firms are flocking to, and co-locating in, Wynwood. Up to 490 Residential Units Allowed 267,281 SF Allowed • Existing 3 Story building could be renovated or repurposed. Temporary rentals for events during festivals and Signage Opportunity, Exposure, Easy Access and development constraints corporate events/Ads. Wall Banner Revenue on adjacent public land make the 1900 NE Miami CT site the prime development opportunity in Wynwood. 1900 NE MIAMI CT 4 The 1900 NE Miami CT Site is at the Center of All Miami Offers EXECUTIVE SUMMARY STRATEGIC LOCATION– CENTER OF MIAMI • Wynwood: The 1900 NE Miami CT site is the Gateway to Miami’s most Dynamic neighborhood blending commerce, the arts, fashion, dining, and nightlife. • Edgewater: The hottest residential market in Miami, the 1900 NE Miami CT site is at the western entry to the neighborhood. • Downtown / Brickell: Business Hub of Miami CBD – 5 minutes to south. • Arts & Entertainment District: Performing Arts Center & Museums – District is adjacent to the 1900 NE Miami CT site location. • Midtown / Design District: High end shopping & cutting edge restaurants, minutes north of the Property directly via N Miami Avenue. • Miami Beach: The Beaches are conveniently 7 minutes via I-395 or I-195. DOWNTOWN MIAMI BRICKELL 1900 NE MIAMI CT ARTS & ENTERTAINMENT EDGEWATER WYNWOOD MIDTOWN † I-95 to MIAMI BEACH DESIGN DISTRICT 1900 NE MIAMI CT 5 Miami’s Gateway To Wynwood & Edgewater EXECUTIVE SUMMARY CENTRAL LOCATION • The Property has exceptional market presence with its direct exposure on North Miami Avenue, the main thoroughfare connecting the Downtown/Brickell markets with Wynwood, Midtown and the Design District. • The landmark location of the 1900 NE Miami CT site serves as the southern main entrance to Wynwood from Downtown. • The 1900 NE Miami CT site is also the western entrance to the Edgewater community of luxurious waterfront condos and homes. DESIGN DISTRICT MIDTOWN WYNWOODWYNWOOD EDGEWATERWYNWOOD N Miami Ave 1900 NE MIAMI CT EDGEWATER NW 20th St NE Miami Ct BISCAYNE PARK CITY OWNED 1900 NE MIAMI CT 6 Wynwood: Attracting International Notice EXECUTIVE SUMMARY WYNWOOD! EXPLOSIVE GROWTH • The Wynwood Arts District, is one of the largest and most prominent creative communities in the United States. • The 1900 NE Miami CT site serves as the entryway to Wynwood from the CBD to the south. • Miami’s expanding Technology sector co-locates and aggregates in Wynwood, and has experienced significant job growth. Start-up companies are also attracted to Wynwood’s creative work environment. Wynwood regularly hosts networking events for technology and start-up businesses. • Wynwood is home to many of the region’s largest concentrations of Art Galleries, Retail Stores, Antique Shops, Popular Bars, and one of the largest open-air street-art installations in the world. • Wynwood is also known for its unique collection of street art and colorful and cutting edge murals adorning buildings throughout the district. • Nightlife and restaurants are eclectic and destination entertainment. • The district has exploded over the last few years, and is the playground and workplace for many of the residents in the adjacent Edgewater neighborhood fronting Biscayne Boulevard. 1900 NE MIAMI CT • The market has superseded Miami Beach as the region’s hippest market. • Wynwood is Miami’s hub for technology, art, creative businesses, and the next generation of business opportunities. MIXED-USE DEVELOPMENT OPPORTUNITY • Explosive growth is destined for Wynwood given its central location in the Downtown core, its ease of access to all points in the surrounding neighborhoods/beaches, its expanding amenity base, and is ripe for significant multifamily and retail/office development to meet demand. • The newest condo project in Wynwood has commanded sales prices in excess of $500/SF. • Retail Rents: $30/SF NNN to $55/SF NNN. 1900 NE MIAMI CT 7 Wynwood: Demand Driven Development EXECUTIVE SUMMARY DEVELOPMENT ATTRACTED TO WYNWOOD Wynwood is an emerging growth market and a focal point in Miami for new development answering demand for residential, commercial space, technology firms, start-ups, restaurants, retail, bars, galleries, and artist enclaves. Wynwood has appeal to both local businesses and residents, and has also become a must see for tourists, in addition to hosting events such as the Second Saturday Art Walk and Art Basel. GALLERIES 1 Art Center Miami 2 ore Ascaso Gallery rk 195 To Miami Beach 1 3 Brisky Gallery NW 36th St NE 36th St NW 35th St 4 Curator's Voice Art Projects NW 35th St GIGI 11 HYDE NE 35th St 5 Diana Lowenstein Fine Arts NW 34th Te BARDOT MIDTOWN NW 34th St THE NE 34th St 6 Dina Mitrani Gallery NW 34th St SHOPS AT e NW 33rd St WYNWOOD v NE 33rd St NW 33 A rd St 7 Dot Fifty One d MIDTOWN n 2 NE 32nd St 33 NW 32nd NW 32nd St St PARAISO PARAISO ONE e E 8 v NORTH BAY TOWER PARAISO Emerson Dorsch N BAYVIEWS E NE 31st St e A e e V v t v v A s PARAISO A e A A 1 v NW 31st S t SOUTH BAY TOWER A NE 30 9 th Te Espace Expression E I d d N h M h r n t t NE 30th St 3 2 A 5 6 I NW 30th St M 10 THE ELECTRIC EVL World W PICKLE COMPANY BISCAYNE W W N W BEACH N N N N MORGANS NE 29th St LEGEND 11 Gallery Diet
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