321 NW 37th St - Residential LAND FOR SALE


Miami, FL 33127- Miami Design District5,663 SF
$700,000 USD
305-546-5132
321 NW 37th St, Miami, FL for Sale
$700,000 USD
Residential LAND - FOR SALE
1/72
5,663 SF


HIGHLIGHTS

  • High-Density Zoning – T6-8-O allows up to 150 units/acre. The building height is limited to 6 stories by the billbaord.
  • Prime Location – Just one block north of NW 36th St off NW 3rd Ave.
  • Near Miami Hotspots – Wynwood, The Design District, Midtown, Allapattah & Downtown Miami

OVERVIEW

$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.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/ACRE

$5,384,425/AC

PRICE/SF

$124 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Day Care Center, Fast Food, Motel

LAND ACRES

0.13 AC

LAND SF

5,663 SF

OFFSITE IMPROVEMENTS

Electricity

ZONING

T68-O

APN/PARCEL ID

01-3124-002-1350

ASK ABOUT THIS PROPERTY

Steven C Epstein P.A.The Keyes CompanyMore Info
305-546-5132

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Steven C Epstein P.A.The Keyes CompanyMore Info
305-546-5132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.