Kristina Rodina - Commercial Real Estate Showcase

Kristina Rodina Property Listings
Rodina Kristina
(305) 206-8593

345 NW 3rd Street

Miami, FL 33128-1648 - Downtown Miami MF Submarket

Property Type:Multi-Family Number of Units:23 Status:Under Renovation Year Built:1926
Stories:3 Building Size:17,700 SF Land Area:.17 AC (7,501 SF)
For Sale Price:$2,250,000 Price/Unit:$97,826.09 Cap Rate:- GRM:-

Parking:.7 Parking Spaces / 1,000 SF

Existing building is 17,077 sf on three floors
Zoning is T6-8-1 (call agent for zoning information and development details)
Walking distance to Garcia's Grill, Seaspice, and Casablanca
Coming soon: Sushi Samba
Perfect repositioning opportunity for creative investor
Zoning: Hotel, residential, office/retail, restaurant & more
Gutted building ready for rehab

Great investment opportunity in up and coming Miami River area. Historic Bldg with recently stabilized structural work completed. Additional development opportunity is available. Walking distance to local restaurants and property is directly across from City Park.
Near Miami River, restaurants, Lummus Park, River Oyster Bar, Sea Spice (AKA Sea Salt and Pepper), Garcia's Seafood.

New DEVELOPMENT opportunity Downtown Miami Existing 3-Story 17,077 square foot Art-Deco building. The property is gutted and vacant with strong structure and foundation, and original dade pine flooring.
ZONING allows for 8 story 40,000 sqft building. Price per sqft will be significantly below market if Developer buys now with rights to build out 40,000 sqft on 8 stories.
Preliminary Plans available for review. Building is ready for development. Great potential for I-95 Sign at an additional $25,000 per month advertising income.
The area of Riverside just a few blocks from central Downtown business district, home to 100,000 state and federal employees, court house clerks and attorneys, is now beginning to revitalize and believed to be the next hot area of downtown, like Midtown and Wynwood used to be. Located just 6 blocks from Biscayne, Miami Heat Arena, Bayside, this area has already been recongnized as the next revival, due its proximity to downtown and Liberal Zoning. Large Developers like The Melo group is adding approx 250 units in a new high-rise just a few blocks away halfway completed already. The Voodoo Lounge is coming next 6 months near the bustling River front restaurants Garcias and Casablanca. With over 60,000 sqft of land under contract on NW 3rd Ct, this area will be taking off. The recently approved City Greenway project which links downtown to Riverside along a bike and walking path down the Miami River will add significant additional growth to this area in the next 2-3 years.
The property is across from Lummus Park, with basketball courts, playgrounds and green areas, and Police Horses and stables. The entire area is only about 2-3 blocks with historical buildings and a great vibe

Sale Notes:
Available for lease. Retail or Offices. Rent the entire building or min 500 sq ft up to 2500 sq ft. Perfect for medical or professional offices. Spanish Mediterranean 3 story building located across the street from Lummus Park. Can be rented As Is for tenant to build out at $45.00 a sq ft NNN or owner will build to suit at $60.00 a square foot NNN. Long term lease 3-10 years with options. Currently only the lobby is finished and restored with its original charm.
Spanish Mediterranean 3 story building located across the street from Lummus Park and surrounded by Miami Police headquarters, Miami River, Garcias, Sea Spice and River Oyster Bar at the new Flagler on the River, a 30 story high rise

Rodina Kristina
Kristina Rodina
(305) 206-8593

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