NEW PRICE $725K! Attn Developers, Archs, Bldrs etc. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Des Dist DT & Midtown. Build up to 6 story Mixed Use Comm/Resi bldg, maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx 4,600 SF. less Lessor created easement for BB Co to operate. BB in NE cor. w/min setbacks, faces I-195 & SR-112. Buyer(s) assume 99-yr Grd Lease @ close. Rent = 18% of BB revenue, Lessee pays ST, utils, $2M prop & liab policy, Lessor is a co-insured. Lessor pays RE Tax. 2023 & 2024 NOI aver $26,182.24 = 3.61% ROI Cash on Cash @ $725K (no leverage). Valu is the lot. The BB revenue is a bonus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Make your highest & best offer(s) now. Call w/questions
Property Description
Features
: Automobile Traffic, Heavy Traffic
: City Location, Urban Area Development, Other Lot Description, Less Than 1 Acre, Cleared Land, No Bldg Included, Inside Lot, Near Seaport, Regular Lot
: Public Sanitation, Other
: Electricity Available, Other Utilities Available, Other, Electricity Connected
Address Map
FL
Miami-Dade County
Miami
33127
321 NW 37th St
Bay Vista Park
0
W81° 47' 52.8''
N25° 48' 40.4''
NW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street. Look for Sign
Bay Vista Park
MLS Addon
15
: All Cash, Conventional
: Public Road, Legal Access Road, City/county Maintained
: Residential
$9,456
2023
: Municipal Water, Other
6100
5,750 Sqft
$725,000
Listing ID #A11745602
Basic Details
Property Type : Commercial Land
Property SubType : Residential
Listing Type : For Sale
Listing ID : A11745602
Price : $725,000
Lot Area : 5,750 Sqft
Status : Active
