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333 NE 24th St - Gallery Art Condominiums Unité de condo • Bureau • 650 pi² • À vendre 461 627 $ CAD • Miami, FL 33137
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- EDGEWATER LOCATION NEAR MIDTOWN AND WYNWOOD
- OPEN PLAN
- 4% Annual Rent Escalations Rent grows to $3,393/mo by Year 5
- 10' FROM DOWNTOWN MIAMI
- Fully Leased — Day-1 Cash Flow $2,900/month | $34,800 gross / Year 1
- 5-Year Lease Term Mar 1, 2026 through Feb 28, 2031
Résumé de l'annonce
Gallery Art Condominium, Unit #312 is a boutique commercial office condo situated on the third floor of the Gallery Art building at 333 NE 24th Street, Miami, FL 33137. The unit is delivered fully leased and income-producing, with a long-term tenant in place under a five-year Commercial Lease Agreement commencing March 1, 2026 and expiring February 28, 2031. The Gallery Art Condominium is a distinctive, design-forward mixed-use building located at the intersection of the Wynwood Arts District and the Edgewater neighborhood — two of Miami's most dynamic and rapidly appreciating urban submarkets. The building attracts creative professionals, tech firms, and boutique service businesses seeking a high-identity address in one of South Florida's most walkable, amenity-rich corridors. The unit is zoned exclusively for office use and includes one dedicated parking space as a limited common element. Its third-floor position provides privacy and separation from street-level activity, typical of premium office layouts within the building.
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1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement ou propriétaire utilisateur | Nbre d’espaces de stationnement | 1 |
| Taux de capitalisation | 6,40% | ID/Numéro de lot | 01-3230-087-1870 |
| Type de vente | Investissement ou propriétaire utilisateur |
| Taux de capitalisation | 6,40% |
| Nbre d’espaces de stationnement | 1 |
| ID/Numéro de lot | 01-3230-087-1870 |
Notes sur la vente
Rare stabilized office condo investment in the heart of Miami's Wynwood/Edgewater corridor. Unit #312 at Gallery Art Condominium offers investors a turn-key, income-producing asset with zero lease-up risk — the property is fully leased to an established office tenant at $2,900/month with a 5-year term commencing March 1, 2026 and expiring February 28, 2031.
The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.
Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.
Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.
The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.
Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.
Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 312 | 650 pi² | Bureau | 461 627 $ CAD (710,20 $ CAD/pi²) | 29 535,74 $ CAD |
Unité 312
| Taille de l’unité |
| 650 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 461 627 $ CAD (710,20 $ CAD/pi²) |
| Revenu net d’exploitation |
| 29 535,74 $ CAD |
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Unité 312
| Taille de l’unité | 650 pi² |
| Utilisation du condo | Bureau |
| Prix | 461 627 $ CAD (710,20 $ CAD/pi²) |
| Revenu net d’exploitation | 29 535,74 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Taux de capitalisation | 6,40% |
| Nbre d’espaces de stationnement | 1 |
| ID/Numéro de lot | 01-3230-087-1870 |
| Notes sur la vente | |
| Rare stabilized office condo investment in the heart of Miami's Wynwood/Edgewater corridor. Unit #312 at Gallery Art Condominium offers investors a turn-key, income-producing asset with zero lease-up risk — the property is fully leased to an established office tenant at $2,900/month with a 5-year term commencing March 1, 2026 and expiring February 28, 2031.<br> The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.<br> Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.<br> Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
Commodités
- Ligne d'autobus
- Système de sécurité
- Climatisation
- Balcon
1 1
Très accessible à pied
80/100
Moyennement adapté aux voitures
60/100
Bons transports en commun
70/100
Plutôt accessible en vélo
50/100
1 de 14
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
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333 NE 24th St - Gallery Art Condominiums
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