321 NORTH WEST 37TH ST, Miami
$700,000 USD
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| Address | 321 NORTH WEST 37TH ST, Miami |
| Building Name | Wynwood Norte RDD 2 |
| Type of Property | Mixed Use |
| Type of Business | Other Type |
| Business Location | City Location,Inside Lot |
| Property Style | Commercial Lease |
| Price | $700,000 |
| Previous Price | $725,000 (123 days ago) |
| Property Status | Active |
| MLS Number | A11745932 |
| Property Size | 5750 |
| Lot Size | 5750 |
| Folio Number | 01-31-24-002-1350 |
| Gross Operating Income | $41,231 |
| Net Operating Income | $30,516 |
| Zoning Information | 6100 T68-O |
| Days on Market | 198 |
Detailed Description: The property may go to auction soon. If you’re interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr and Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 sq.ft lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm / Resi maybe more w / entitlements. Density 150 units / ac. Lot coverage footprint approx. 4,600 sq.ft. There is ingress and egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. Remaining. Lessee pays ST, utils, $2M prop and liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD “AS-IS” cash to Seller, buyer (s) do own due diligence.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 321 NORTH WEST 37TH ST |
| Business Location | City Location,Inside Lot |
| Section | 24 |
| Zip Code (4 Digits) | 3139 |
Financial Information
| Price | $700,000 |
| Price per Foot | $0 |
| Previous Price | $725,000 |
| Folio Number | 01-31-24-002-1350 |
| Gross Operating Income | $41,231 |
| Net Operating Income | $30,516 |
| Tax Amount | $10,715 |
| Tax Year | 2024 |
| Possession Information | Funding,Rental Agreement |
Full Descriptions
| Detailed Description | The property may go to auction soon. If you’re interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr and Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 sq.ft lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm / Resi maybe more w / entitlements. Density 150 units / ac. Lot coverage footprint approx. 4,600 sq.ft. There is ingress and egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. Remaining. Lessee pays ST, utils, $2M prop and liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD “AS-IS” cash to Seller, buyer (s) do own due diligence. |
| How to Reach | NW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street. |
| Water Description | Other |
| Sewer Description | Other, Public Sanitation |
Property parameters
| Living Area | 5750 |
| Lot Size | 5750 |
| Total Acreage | 0.132 |
| Zoning Information | 6100 T68-O |
| Maximum Leasable Size | 5750 |
| Type of Property | Mixed Use |
| Type of Business | Other Type |
| Style | Commercial Lease |
| Building Name | Wynwood Norte RDD 2 |
| Street Direction | North West |
| Listed with | The Keyes Company |