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
: Less Than 1/4 Acre Lot, City Location, Cleared, Other, Other Lot Description, Near Seaport, Regular Lot, Rock Land
: Public Sewer, Other
: Electricity Available, 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''
South
NW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street.
Bay Vista Park,Wynwood Norte RDD 2
MLS Addon
15
: Other
: All Cash, Conventional, Cryptocurrency
: Public Road, Legal Access Road, City/county Maintained
: Residential
$10,715
2024
: Municipal Water, Other
6100 T68-O
5,750 Sqft
$725,000
Listing ID #A11745937
Basic Details
Property Type : Land/boat Docks
Property SubType : Residential
Listing Type : For Sale
Listing ID : A11745937
Price : $725,000
Lot Area : 5,750 Sqft
Status : Active
