Wynwood’s Austin Burke Clothiers Building Sells
The property sold for $7,700,000.
The property sold for $7,700,000.
Tony Arellano of DWNTWN Realty Advisors represented both buyer and seller in the transaction.
This 11,423 square foot building has unparalleled exposure from I-95 as well as convenient access from I-95, and is zoned “D-1”, allowing the future owner to capitalize on benefits designated under the Neighborhood Revitalization district which permits development of up to a ten-story building.
The company connects merchants and customers into a single unified shopping experience through access to data, information, and capital.
The sale consists of three folios totaling 13,000 square feet of land, with the southernmost folio hosting a 3,111-square-foot single-story building.
Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys.
The building has seen booming business for the last fifty years, but now the business is planning to serve their clientele elsewhere as a strategic business move.
The building, located on the border of the iconic Wynwood and Midtown neighborhoods, will offer about 195,000 square feet of leasable Class A office space and nearly 25,900 square feet of prime street-level retail space. CLICK ON THE HEADLINE FOR MORE
Plans also include a 500-plus space parking garage on the site. CLICK ON THE HEADLINE FOR MORE
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