Executive Summary:

Metro 1 Commercial presents exclusively for sale the property located at 1500 NW 22 ST, Miami, FL, 33142  (“The Property”).

The Property features 5,600 square feet of interior on 8,226 square feet of land, 15-foot high ceilings, and 2 loading docks.

The Property is located in the vibrant and rapidly evolving Allapattah neighborhood, a burgeoning cultural and commercial hotspot, highlighted by the relocation of the Rubell Museum from Wynwood and its expansion into hospitality with Michelin-starred restaurant, Leku. The Property is just blocks away from New York’s famed Hometown Barbecue.

Other notable nearby institutions are SuperBlue by TeamLab Japan, an interactive museum featuring works by James Turrell among others. As well as the Related Group’s 28,000 square foot gallery, El Espacio Twenty Three, an acclaimed exhibition space.

On the multifamily front, Neology Life Development Group completed No.17 Residences, a 13-story, 192-unit apartment building. Additionally, the neighborhood is seeing significant residential growth with the development of two 14-story buildings, Fourteen Allapattah Residences (237 units) and The Julia (323 units).

This is an exceptional opportunity to invest in a prime property within one of Miami’s most exciting and transforming neighborhoods.

Property Specs:

+ Property Address: 1500 NW 22 ST, Miami, FL, 33142

+ Reduced Asking Price: $2,500,000 $2,250,000

+ Building SF: 5,600 SF

+ Land SF: 8,226 SF

+ Ceiling Height: 15 FT

+ Zoning: D2

The District:

Today, Allapattah is emerging as one of Miami’s most vibrant and rapidly evolving neighborhoods, attracting renowned institutions and innovative developments. This dynamic community is home to a diverse array of cultural and commercial attractions. The Rubell family, globally celebrated art collectors, relocated their museum from Wynwood to a 100,000 square foot Allapattah warehouse in 2019. Since then, the Rubells have acquired and converted several neighboring warehouses, including the recent acquisition of the 45,711 square foot former Rex Discount Warehouse in 2022. They have also ventured into hospitality with a Michelin-starred restaurant, Leku.

Directly across from the Rubell Museum is SuperBlue by TeamLab Japan, an interactive museum featuring works by James Turrell and others, which offers a 4,000 square foot event venue space. Additionally, in 2019, Miami’s Related Group repurposed a 28,000 square foot warehouse into El Espacio Twenty Three, an acclaimed exhibition space. New York’s famed Hometown Barbecue has also established a presence in Allapattah, drawing a steady stream of consumers.