Home » Properties » 1401 NW 23rd St, Miami FL 33142

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Versatile Industrial Building in Miami's Allapattah

14,560 SF industrial space with high ceilings, flexible bays, and proximity to Wynwood and Miami Airport.

$5,150,000

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MLS #A11874261

Listing Updated: 2026-07-16 00:41:04

Listed By: Central Commercial Real Estate

Overview

This 14,560 square foot industrial property at 1401 NW 23rd St offers a unique opportunity in Miami’s up-and-coming Allapattah neighborhood. Built in 1982, the structure features four bays, 18-foot ceilings, three-phase power, and large roll-up doors, accommodating diverse industrial and commercial activities. Currently 50% occupied, the building provides flexibility for owner-users or leasing strategies without long-term lease constraints. The site’s location places it just minutes from the Jackson/UM Health District, Wynwood, and the Design District, with easy access to Miami International Airport and the Port of Miami. This versatility suits businesses seeking a well-positioned industrial hub close to emerging cultural and medical centers.

Property Highlights

Four industrial bays with 18-foot ceilings and large roll-up doors. Located in an evolving neighborhood near major Miami attractions and transport hubs. Flexible occupancy options with three-phase power and twin-T construction.

Property Details

City: Miami

State: FL

Zip Code: 33142

Address: 1401 NW 23rd St, Miami FL 33142

Year Built: 1982

Property Type: Commercial Sale

Property Sub Type: Industrial

Listing Office Name: Central Commercial Real Estate

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $0

Days On Market: 278 Days

Original Listing Description

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.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1401 NW 23rd St, Miami FL 33142

About This Neighborhood

Allapattah is an evolving Miami neighborhood known for its blend of industrial roots and emerging creative spaces. Just minutes from Wynwood and the Design District, this location benefits from nearby museums and a growing food scene. The neighborhood offers a balance of accessibility and urban culture that appeals to businesses and professionals alike.

Walkability & Lifestyle

While primarily industrial, the Allapattah neighborhood offers easy access to some walkable amenities, including local dining and cultural attractions like the nearby Rubell Museum. The area’s evolving urban fabric includes developing retail and entertainment options within short driving distance, making day-to-day errands manageable from this location.

Things To Do Nearby

Nearby, residents and workers can explore Miami’s rich arts scene, with the Rubell Museum just two blocks away and Wynwood’s galleries and eateries less than five minutes from the site. Outdoor options include quick access to parks and recreational areas, while the Design District offers shopping and dining experiences to complement the neighborhood’s vibrant lifestyle.

Nearby Schools

Families and employees in this area have access to Miami’s diverse educational options spread throughout adjacent neighborhoods. The proximity to established communities and Miami’s overall infrastructure creates convenient schooling access without compromising the site’s primarily industrial character.

Why Buyers Like This Area

Buyers value this property for its combination of size, location, and adaptability. The proximity to cultural and medical districts provides a competitive business environment, while the building’s infrastructure suits an array of industrial and commercial uses. Its flexibility appeals to both users and investors aiming to capitalize on Miami’s ongoing growth.

Investment Potential

Located in Miami’s rapidly developing Allapattah area, this industrial building offers a variety of potential uses, from light manufacturing to creative commercial applications. Its flexible occupancy status allows for phased leasing or owner occupancy, making it suitable for businesses exploring expansion in a dynamic neighborhood. Proximity to cultural districts and major transport routes maintains steady appeal for a range of industrial tenants.

Market Trends

Allapattah's industrial properties are increasingly sought after due to expanding nearby cultural hubs and medical campuses. The area is attracting a mixture of traditional industrial users and innovative commercial tenants who appreciate the blend of affordability and proximity to established Miami districts. Market interest continues to grow as urban redevelopment advances.

Rental Income Potential

With half the building currently leased and no extended lease commitments, this industrial space supports flexible rental approaches. Its location near vibrant cultural and healthcare centers contributes to seasonal and long-term demand. Careful leasing strategies can leverage the site’s appeal to both industrial and creative tenants looking for space within Miami’s expanding business corridors.