$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.
Property Details
Price:
$700,000
MLS #:
A11745937
Status:
Active
Beds:
0
Baths:
0
Address:
321 NW 37th St
Type:
Single Family
Subtype:
Residential
Subdivision:
Bay Vista Park,Wynwood Norte RDD 2
Neighborhood:
Bay Vista Park
City:
Miami
Listed Date:
Feb 12, 2025
State:
FL
ZIP:
33127
Lot Size:
5,750 sqft / 0.13 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Other Structures
None
Financial
Tax Year
2024
Taxes
$10,715
Map
Community
- Address321 NW 37th St Miami FL
- SubdivisionBay Vista Park,Wynwood Norte RDD 2
- CityMiami
- CountyMiami-Dade County
- Zip Code33127
Similar Listings Nearby
- 2414 SW 21st Ter
Miami, FL$910,000
4.62 miles away
- 35 NE 60th St
Miami, FL$900,000
1.42 miles away
- 4725 NE Ct Miami
Miami, FL$900,000
0.71 miles away
- 829 NE 79th St
Miami, FL$900,000
2.90 miles away
- 7621 NW 6th Ct
Miami, FL$900,000
2.33 miles away
- 68 NW 95th St
Miami Shores, FL$899,990
3.52 miles away
321 NW 37th St
Miami, FL
LIGHTBOX-IMAGES