Miami, FL 33127 321 NW 37th St
$700,000
43 more
Presented By: This listing is courtesy of The Keyes Company;
SQFT • 1
Home Details
$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.
Presented By: This listing is courtesy of The Keyes Company;
Interior Features for 321 NW 37th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 321 NW 37th St
Additional Parcels Y/NNo
Attached Garage No
Building NameWynwood Norte RDD 2
Carport Y/NNo
CityMiami
CountyMiami-Dade
DirectionsNW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street.
DisclosuresEasements
Electric On Property Y/NNo
Garage Y/NNo
Gross Income41231.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NYes
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionBAY VISTA PK PB 5-47 LOT 22 BLK 44 & 15FT OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5750 SQ FT M/L
Listing TermsCash, Conventional, Cryptocurrency
Lot Size Square Feet5750.0
Lot Size UnitsSquareFeet
MLS Area31
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income30516.0
New ConstructionNo
Occupancy TypeCallAgent
Ok to LeaseNegotiable
Operating Expense10715.0
OwnershipOther Ownership
PossessionClosingAndFunding, SubjectToTenantRights
PostalCityMiami
Property Attached Y/NNo
Property SubtypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, Other
Standard StatusActive
StatusActive
Structure TypeOther
Tax Annual Amount10715.0
Tax Year2024
Tenant PaysExteriorElectric, ExteriorMaintenance, FireInsurance, Insurance, OtherTax
Trash Expense0.0
Virtual TourClick here
Waterfront Y/NNo
Zoning Description6100 T68-O
Exterior for 321 NW 37th St
Building Area Total1.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50
Lot Size Acres0.132
Lot Size Area5750.0
Number of Buildings0
Open Parking Y/NNo
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Water SourceOther
Additional Details
Price History
Wadner Attilus
Realtor®
