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, Inside Lot
: No Fire Protection
: Public Sanitation, Other
Address Map
FL
Miami-Dade County
Miami
33127
321 NW 37th St
Wynwood Norte RDD 2
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.
MLS Addon
15
: Leases
: 11 Years Plus Lease
: All Cash, Conventional/refinance, Cryptocurrency, Options Available, Subject To Lease, Land Lease
: City Street
: Sale
$10,715
2024
: Other
6100 T68-O
5,750 Sqft
$725,000
Listing ID #A11745932
Basic Details
Property Type : Commercial Sale
Property SubType : Mixed Use
Listing Type : For Sale
Listing ID : A11745932
Price : $725,000
Lot Area : 5,750 Sqft
Building Area : 1 Sqft
Status : Active
