Price Reduced 3.45%
Price History
$725,000
2/12/2025
$700,000
3/20/2025
321 NW 37th St, Miami, FL, 33127
$700K FIRM!!! Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Design District Midtown & Downtown. 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 in NE cor. w/min setbacks. BB faces I-195 & SR-112. Buyer(s) assumes 99-yr Grd Lease @ closing. Rent = 18% BB revenue sharing, Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. In 2024 NOI $30,516 shows 4.36% Return on Investment (ROI) Cash on Cash $700K (no leverage). Valu is the lot. The BB revenue is a plus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Call now w/questions.
Status:
Active
Type:
Commercial
Zoning:
6100 T68-O
Acreage:
0.13
Est. Taxes:
$10,715
Days on Market:
36
Lease Term Type:
Negotiable
MLS #:
A11745932
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of The Keyes Company Phone: 305-443-7423