The subject property comprises 6,024 SF of ground floor retail space on a 14,625 SF lot across two folios. Generating $432k in combined income, with The House of Arts as the primary tenant and additional revenue from food trucks. Located at the high-traffic corner of NW 36th Street and NW 1st Avenue in Wynwood Norte, near Midtown and the Design District. Close to I-195 exit, facilitating access to I-95, with approximately 19,000 daily commuters. Zoned T6-8-O, allowing for high-density development of 150 units per acre, eight stories by right, with a potential four-story bonus.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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