The Real Deal Miami

Half-block in Wynwood up for grabs at $11.9M

Buildings have creative, office, retail and storage space

March 18, 2015 01:40PM

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Metro 1's $11.9 million listing in Wynwood

Metro 1’s $11.9 million listing in Wynwood

Half a city block in Wynwood has been listed for $11.9 million, brokerage Metro 1 announced Wednesday.

The three buildings span a combined 30,000 square feet and include office, warehouse, retail and creative space. Their addresses are 2048 Northwest Miami Court, 50 Northwest 21st Street and 2045 Northwest 1st Avenue.

Metro 1 has the listing, and will also be leasing the properties, the firm said in a press release. The company is heavily involved in Wynwood, with listings like the popular LMNT venue and the upcoming Wynwood Arcade mixed-use development.

Of the three buildings, the first houses a photography and printing studio with a street-side showroom. The second is an executive office, and the third is a large storage space, according to the release.

“This is a premium portfolio of properties in Wynwood directly across the Soho Studios Event Space,” Metro 1 founder Tony Cho said in the press release. “Zoned as D1, the property address has the potential to be redeveloped into a creative complex for not only retailers and offices but also art galleries and production spaces.” — Sean Stewart-Muniz

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