Commercial Sale · Industrial
1401 NW 23rd St, Miami FL 33142, MIAMI, FL, 33142
Active341 days on marketListed Sep 1, 2025MLS #A11874261
About this property
The property at a glance
1401 NW 23 Street represents an opportunity to acquire a 14,560 square foot building in Miami's emerging Allapattah neighborhood. The building features 4 bays, 18' ceilings, 3 phase power, twin t construction, and 11'x14' roll-up doors. 50% occupied and entirely unencumbered by substantial lease term, the property can support a wide variety of industrial and commercial uses, providing flexibility for future development, owner-occupancy, and leasing strategies. The site is located two linear blocks from the Rubell Museum, lending itself to continued industrial uses, adaptive reuse and ground up development. 5 minutes to the Jackson/UM Health District, Wynwood & the Design District. 15 minute drive to Miami International Airport and the Port Of Miami.
14,560
Building sq ft
$354
Price / sq ft
22,820
Lot sq ft
1982
Year built
D1
Zoning
Industrial
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$28,038/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
43,849
Population
$38,607
Median income
45
Median age
3
Avg household
$353,196
Median home value
$1,364/mo
Median rent
4,519
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Seeking peace and well-being through meditation, gratitude and spirituality.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is characterized by vulnerability. Looking to unload emotional burdens, activities include confessions, apologies, and long-form posts.
Recent sales
What actually sold near 1401 NW 23rd St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,500
155 NE 1st Pl, Miami FL 33138
Sold Jun 1, 2026
$18
1054 E 27th St, Hialeah FL 33013
Sold Apr 21, 2025
$15,000
1001 NW 72nd St, Miami FL 33150
Sold Feb 2, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1401 NW 23rd St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1401 NW 23rd St.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of Central Commercial Real Estate · Ari Dispenza. MLS #A11874261.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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