321 NW 37th St, Miami, 33127

  • $700,000

Buy

Miami

Quick Details

MLS #: A11745937
  • Property Type
  • Residential
  • 5750
  • Lot sqft

Description

$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.

  • Address 321 NW 37th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33127
  • Area Miami-dade County

Details

  • MLS #: A11745937
  • Price: $700,000
  • Land Area: 5750 sqft
  • Property Type: Residential
  • Property Status: Buy
Listed by Steven Epstein · The Keyes Company - Updated on March 21, 2025 at 8:09 am

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For more information about this Residential for Buy currently listed for $700000 located in 321 NW 37th St Miami, Florida 33127 please call our real estate office at 1-(305) 728-0840

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